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Invesco California AMT-Free Municipal Bond ETF
PWZ

110 hedge funds and large institutions have $470M invested in Invesco California AMT-Free Municipal Bond ETF in 2024 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 49 increasing their positions, 17 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

229% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 7

188% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 17

63% more call options, than puts

Call options by funds: $536K | Put options by funds: $329K

27% more capital invested

Capital invested by funds: $370M → $470M (+$100M)

15% more funds holding

Funds holding: 96 → 110 (+14)

10.2% more ownership

Funds ownership: 56.01% → 66.22% (+10%)

Holders
110
Holders Change
+14
Holders Change %
+14.58%
% of All Funds
1.45%
Holding in Top 10
3
Holding in Top 10 Change
+3
Holding in Top 10 Change %
% of All Funds
0.04%
New
23
Increased
49
Reduced
17
Closed
7
Calls
$536K
Puts
$329K
Net Calls
+$207K
Net Calls Change
+$207K

Top Buyers

1
Mercer Global Advisors
Mercer Global Advisors
Colorado
+$31.1M
2
SC
Syon Capital
California
+$27.2M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$4.87M
4
Bank of America
Bank of America
North Carolina
+$4.81M
5
Jane Street
Jane Street
New York
+$3.96M

Top Sellers

1
FFA
First Foundation Advisors
California
-$3.79M
2
JP Morgan Chase
JP Morgan Chase
New York
-$1.13M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$1.11M
4
SW
SteelPeak Wealth
California
-$746K
5
DAS
Diversify Advisory Services
Utah
-$684K
Name Holding Trade Value Shares
Change 		Change in
Stake
WA
76
Waddell & Associates
Tennessee
$349K – – –
HF
77
HRT Financial
New York
$277K +$280K +11,250 New
SPIA
78
Steward Partners Investment Advisory
New York
$257K +$3.91K +157 +2%
CCWA
79
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$255K +$257K +10,326 New
LWP
80
Laurel Wealth Planning
Minnesota
$254K +$7.79K +313 +3%
TPWA
81
Twin Peaks Wealth Advisors
California
$250K +$252K +10,106 New
RF
82
Rossby Financial
Florida
$247K +$249K +10,000 New
SEP
83
Southland Equity Partners
Missouri
$246K – – –
Corient Private Wealth
84
Corient Private Wealth
Florida
$240K – – –
Jones Financial Companies
85
Jones Financial Companies
Missouri
$225K +$106K +4,245 +87%
Charles Schwab
86
Charles Schwab
California
$218K -$104K -4,191 -32%
HIF
87
Hill Island Financial
Michigan
$216K +$218K +8,759 New
NW
88
NewEdge Wealth
Pennsylvania
$212K -$21.2K -850 -9%
M
89
MYeCFO
California
$207K – – –
Comerica Bank
90
Comerica Bank
Texas
$207K +$50.5K +2,027 +32%
SIG
91
Spinnaker Investment Group
California
$201K +$203K +8,151 New
AWE
92
Avidian Wealth Enterprises
Texas
$200K – – –
FFA
93
Farther Finance Advisors
California
$200K – – –
MM
94
Main Management
California
$120K – – –
BA
95
Bristlecone Advisors
Washington
$101K +$24.9K +1,000 +32%
AIP
96
Ameritas Investment Partners
Nebraska
$81.3K -$4.76K -191 -5%
CFD
97
Creative Financial Designs
Indiana
$74.1K +$74.7K +3,000 New
EWP
98
Elevation Wealth Partners
California
$73.3K +$573 +23 +0.8%
LFG
99
Larson Financial Group
Missouri
$65.5K – – –
US Bancorp
100
US Bancorp
Minnesota
$50.8K – – –
1 2 3
4
5

PWZ Hedge Fund Activity: Q4 2024 in Review

110 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q4 2024, worth a combined $470M — up 27% from $370M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new PWZ positions and 7 closed out — a net gain of 16 holders — while 49 added to existing stakes and 17 trimmed.

The largest buyer was Mercer Global Advisors, opening a new position worth an estimated $31.1M. The largest seller was First Foundation Advisors, cutting an estimated $3.79M.

  • 110 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q4 2024, up from 96 in Q3 2024.
  • Funds reported $470M of Invesco California AMT-Free Municipal Bond ETF stock for Q4 2024, up 27% quarter-over-quarter.
  • 23 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q4 2024 and 7 closed out, a net change of +16 holders.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q4 2024 was Mercer Global Advisors, an estimated $31.1M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q4 2024 was First Foundation Advisors, an estimated $3.79M sold.

Based on aggregated 13F filings for Q4 2024.