Invesco California AMT-Free Municipal Bond ETF
13 hedge funds and large institutions have $13.7M invested in Invesco California AMT-Free Municipal Bond ETF in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 5 reducing their positions, and 4 closing their positions.
0.34% more ownership
Funds ownership: 22.4% → 22.74% (+0.34%)
7% less funds holding
Funds holding: 14 → 13 (-1)
16% less capital invested
Capital invested by funds: $16.3M → $13.7M (-$2.63M)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
40% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.15M |
| 2 |
Jane Street
New York
|
+$1.13M |
| 3 |
CWP
Capital Wealth Planning
Naples,
Florida
|
+$324K |
| 4 |
AA
Apriem Advisors
Irvine,
California
|
+$15.4K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.47K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$1.37M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.03M |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$900K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$465K |
| 5 |
Morgan Stanley
New York
|
-$254K |
PWZ Hedge Fund Activity: Q3 2013 in Review
13 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q3 2013, worth a combined $13.7M — down 16% from $16.3M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PWZ and 3 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 3 added.
The largest buyer was Royal Bank of Canada, adding an estimated $1.15M. The largest seller was Wells Fargo, cutting an estimated $1.37M.
- 13 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q3 2013, down from 14 in Q2 2013.
- Funds reported $13.7M of Invesco California AMT-Free Municipal Bond ETF stock for Q3 2013, down 16% quarter-over-quarter.
- 3 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q3 2013 and 4 closed out, a net change of -1 holder.
- The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q3 2013 was Royal Bank of Canada, an estimated $1.15M added.
- The largest Invesco California AMT-Free Municipal Bond ETF seller in Q3 2013 was Wells Fargo, an estimated $1.37M sold.
Based on aggregated 13F filings for Q3 2013.