Invesco California AMT-Free Municipal Bond ETF
11 hedge funds and large institutions have $19.2M invested in Invesco California AMT-Free Municipal Bond ETF in 2014 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 0 reducing their positions, and 3 closing their positions.
154% more capital invested
Capital invested by funds: $7.56M → $19.2M (+$11.6M)
12.65% more ownership
Funds ownership: 12.62% → 25.27% (+13%)
15% less funds holding
Funds holding: 13 → 11 (-2)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| 1 |
Morgan Stanley
New York
|
+$5.85M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$4.19M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$246K |
| 4 |
CCM
Coe Capital Management
Highland Park,
Illinois
|
+$200K |
| 5 |
LPL Financial
San Diego,
California
|
+$177K |
Top Sellers
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$265K |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$79K |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$13K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Morgan Stanley
New York
| $7.45M | +$5.85M | +228,364 | +376% |
|
|
2
Wells Fargo
San Francisco,
California
| $5.52M | +$4.19M | +163,618 | +324% |
|
3
UBS Group
Zurich,
Switzerland
| $2.49M | +$2.48M | +96,600 | New |
|
|
4
Bank of America
Charlotte,
North Carolina
| $2.03M | +$246K | +9,604 | +14% |
|
5
Citigroup
New York
| $554K | +$67.5K | +2,636 | +14% |
|
|
6
LPL Financial
San Diego,
California
| $487K | +$177K | +6,893 | +57% |
|
|
CCM
7
Coe Capital Management
Highland Park,
Illinois
| $201K | +$200K | +7,800 | New |
|
8
Royal Bank of Canada
Toronto,
Ontario, Canada
| $200K | – | – | – |
|
|
AA
9
Apriem Advisors
Irvine,
California
| $192K | +$21.3K | +831 | +13% |
|
|
AIG
10
American International Group
New York
| $77.8K | – | – | – |
|
|
NES
11
New England Securities
New York
| $11K | – | – | – |
|
|
RJA
12
Raymond James & Associates
St Petersburg,
Florida
| – | -$265K | -10,378 | Closed |
|
|
13
Ameriprise
Minneapolis,
Minnesota
| – | -$79K | -3,090 | Closed |
|
|
PAG
14
Private Advisor Group
Morristown,
New Jersey
| – | -$13K | -500 | Closed |
|
PWZ Hedge Fund Activity: Q4 2014 in Review
11 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q4 2014, worth a combined $19.2M — up 154% from $7.56M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of PWZ and 2 opened new positions — a net loss of 1 holder — while 0 trimmed existing stakes and 6 added.
The largest buyer was Morgan Stanley, adding an estimated $5.85M. The largest seller was Raymond James & Associates, exiting entirely with an estimated $265K sold.
- 11 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q4 2014, down from 13 in Q3 2014.
- Funds reported $19.2M of Invesco California AMT-Free Municipal Bond ETF stock for Q4 2014, up 154% quarter-over-quarter.
- 2 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q4 2014 and 3 closed out, a net change of -1 holder.
- The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q4 2014 was Morgan Stanley, an estimated $5.85M added.
- The largest Invesco California AMT-Free Municipal Bond ETF seller in Q4 2014 was Raymond James & Associates, an estimated $265K sold.
Based on aggregated 13F filings for Q4 2014.