Invesco California AMT-Free Municipal Bond ETF
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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mercer Global Advisors
Denver,
Colorado
|
+$31.1M |
| 2 |
SC
Syon Capital
San Francisco,
California
|
+$27.2M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$4.87M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$4.81M |
| 5 |
Jane Street
New York
|
+$3.96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FFA
First Foundation Advisors
Irvine,
California
|
-$3.79M |
| 2 |
JP Morgan Chase
New York
|
-$1.13M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.11M |
| 4 |
SW
SteelPeak Wealth
Woodland Hills,
California
|
-$746K |
| 5 |
DAS
Diversify Advisory Services
Sandy,
Utah
|
-$684K |
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.