Invesco California AMT-Free Municipal Bond ETF
96 hedge funds and large institutions have $370M invested in Invesco California AMT-Free Municipal Bond ETF in 2024 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 36 increasing their positions, 27 reducing their positions, and 10 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 27
10% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 10
1% more funds holding
Funds holding: 95 → 96 (+1)
11.87% less ownership
Funds ownership: 67.89% → 56.01% (-12%)
37% less capital invested
Capital invested by funds: $587M → $370M (-$217M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$7.97M |
| 2 |
ACA
Affinity Capital Advisors
Berkeley,
California
|
+$5.59M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$5.33M |
| 4 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$3.91M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
-$243M |
| 2 |
BWM
Boyd Wealth Management
Sacramento,
California
|
-$4.87M |
| 3 |
Mariner
Overland Park,
Kansas
|
-$2.89M |
| 4 |
Morgan Stanley
New York
|
-$2.45M |
| 5 |
DAS
Dynamic Advisor Solutions
Phoenix,
Arizona
|
-$1.64M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$608K | -24,639 | Closed |
|
|
SA
102
Sanctuary Advisors
Indianapolis,
Indiana
| – | -$591K | -24,210 | Closed |
|
103
Cetera Investment Advisers
Schaumburg,
Illinois
| – | -$568K | -23,036 | Closed |
|
|
FTUS
104
Flow Traders U.S.
New York
| – | -$220K | -8,918 | Closed |
|
|
SB
105
Strategic Blueprint
Atlanta,
Georgia
| – | -$208K | -8,432 | Closed |
|
106
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
| – | -$88.6K | -3,587 | Closed |
|
PWZ Hedge Fund Activity: Q3 2024 in Review
96 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q3 2024, worth a combined $370M — down 37% from $587M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PWZ positions and 10 closed out — a net gain of 1 holder — while 36 added to existing stakes and 27 trimmed.
The largest buyer was Bank of America, adding an estimated $7.97M. The largest seller was Charles Schwab, cutting an estimated $243M.
- 96 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q3 2024, up from 95 in Q2 2024.
- Funds reported $370M of Invesco California AMT-Free Municipal Bond ETF stock for Q3 2024, down 37% quarter-over-quarter.
- 11 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q3 2024 and 10 closed out, a net change of +1 holder.
- The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q3 2024 was Bank of America, an estimated $7.97M added.
- The largest Invesco California AMT-Free Municipal Bond ETF seller in Q3 2024 was Charles Schwab, an estimated $243M sold.
Based on aggregated 13F filings for Q3 2024.