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Invesco California AMT-Free Municipal Bond ETF
PWZ

12 hedge funds and large institutions have $6.41M invested in Invesco California AMT-Free Municipal Bond ETF in 2013 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 7 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% less funds holding

Funds holding: 13 → 12 (-1)

9.89% less ownership

Funds ownership: 22.74% → 12.85% (-9.9%)

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

53% less capital invested

Capital invested by funds: $13.7M → $6.41M (-$7.31M)

86% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 7

Holders
12
Holders Change
-1
Holders Change %
-7.69%
% of All Funds
0.35%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
1
Reduced
7
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$612K
2
VKH
Virtu KCG Holdings
New York
+$441K
3
Bank of America
Bank of America
North Carolina
+$51.8K

Top Sellers

1
Wells Fargo
Wells Fargo
California
-$5.74M
2
Jane Street
Jane Street
New York
-$1.13M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$704K
4
CWP
Capital Wealth Planning
Florida
-$325K
5
U
UBS
Switzerland
-$229K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$1.78M +$51.8K +2,226 +3%
Morgan Stanley
2
Morgan Stanley
New York
$1.22M -$171K -7,359 -12%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$677K -$704K -30,266 -51%
Susquehanna International Group
4
Susquehanna International Group
Pennsylvania
$610K +$612K +26,314 New
RJA
5
Raymond James & Associates
Florida
$453K -$78K -3,350 -15%
VKH
6
Virtu KCG Holdings
New York
$439K +$441K +18,956 New
U
7
UBS
Switzerland
$392K -$229K -9,820 -37%
Citigroup
8
Citigroup
New York
$367K -$39.6K -1,700 -10%
Wells Fargo
9
Wells Fargo
California
$209K -$5.74M -246,654 -96%
PAS
10
Partnervest Advisory Services
California
$139K – – –
AA
11
Apriem Advisors
California
$108K -$11.2K -483 -9%
NES
12
New England Securities
New York
$10K – – –
Jane Street
13
Jane Street
New York
– -$1.13M -48,635 Closed
CWP
14
Capital Wealth Planning
Florida
– -$325K -14,000 Closed
Ameriprise
15
Ameriprise
Minnesota
– -$3K -150 Closed

PWZ Hedge Fund Activity: Q4 2013 in Review

12 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q4 2013, worth a combined $6.41M — down 53% from $13.7M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of PWZ and 2 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 1 added.

The largest buyer was Susquehanna International Group, opening a new position worth an estimated $612K. The largest seller was Wells Fargo, cutting an estimated $5.74M.

  • 12 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q4 2013, down from 13 in Q3 2013.
  • Funds reported $6.41M of Invesco California AMT-Free Municipal Bond ETF stock for Q4 2013, down 53% quarter-over-quarter.
  • 2 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q4 2013 and 3 closed out, a net change of -1 holder.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q4 2013 was Susquehanna International Group, an estimated $612K added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q4 2013 was Wells Fargo, an estimated $5.74M sold.

Based on aggregated 13F filings for Q4 2013.