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Invesco California AMT-Free Municipal Bond ETF
PWZ

12 hedge funds and large institutions have $42.8M invested in Invesco California AMT-Free Municipal Bond ETF in 2015 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more capital invested

Capital invested by funds: $37.7M → $42.8M (+$5.05M)

2% more ownership

Funds ownership: 37.63% → 39.63% (+2%)

0% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 5

8% less funds holding

Funds holding: 13 → 12 (-1)

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

Holders
12
Holders Change
-1
Holders Change %
-7.69%
% of All Funds
0.34%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
5
Reduced
5
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wells Fargo
Wells Fargo
California
+$7.74M
2
Bank of America
Bank of America
North Carolina
+$504K
3
UBS Group
UBS Group
Switzerland
+$338K
4
Jane Street
Jane Street
New York
+$264K
5
AIG
American International Group
New York
+$76.4K

Top Sellers

1
ACM
Avalon Capital Management
California
-$2.53M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$842K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$624K
4
PAS
Partnervest Advisory Services
California
-$228K
5
LPL Financial
LPL Financial
California
-$97.2K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
1
Wells Fargo
California
$25.1M +$7.74M +306,000 +45%
Morgan Stanley
2
Morgan Stanley
New York
$8.67M -$48.7K -1,925 -0.6%
UBS Group
3
UBS Group
Switzerland
$3.15M +$338K +13,365 +12%
Bank of America
4
Bank of America
North Carolina
$2.49M +$504K +19,948 +26%
Citigroup
5
Citigroup
New York
$778K +$24.5K +967 +3%
LPL Financial
6
LPL Financial
California
$750K -$97.2K -3,842 -12%
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$558K -$842K -33,314 -60%
TFA
8
Transamerica Financial Advisors
Florida
$403K -$19.8K -783 -5%
AA
9
Apriem Advisors
California
$353K -$50.6K -2,000 -13%
Jane Street
10
Jane Street
New York
$265K +$264K +10,426 New
AIG
11
American International Group
New York
$165K +$76.4K +3,023 +87%
Creative Planning
12
Creative Planning
Kansas
$51K +$50.6K +2,000 New
ACM
13
Avalon Capital Management
California
– -$2.53M -100,928 Closed
Susquehanna International Group
14
Susquehanna International Group
Pennsylvania
– -$624K -24,919 Closed
PAS
15
Partnervest Advisory Services
California
– -$228K -9,120 Closed

PWZ Hedge Fund Activity: Q3 2015 in Review

12 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q3 2015, worth a combined $42.8M — up 13% from $37.7M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of PWZ and 2 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 5 added.

The largest buyer was Wells Fargo, adding an estimated $7.74M. The largest seller was Avalon Capital Management, exiting entirely with an estimated $2.53M sold.

  • 12 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q3 2015, down from 13 in Q2 2015.
  • Funds reported $42.8M of Invesco California AMT-Free Municipal Bond ETF stock for Q3 2015, up 13% quarter-over-quarter.
  • 2 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q3 2015 and 3 closed out, a net change of -1 holder.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q3 2015 was Wells Fargo, an estimated $7.74M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q3 2015 was Avalon Capital Management, an estimated $2.53M sold.

Based on aggregated 13F filings for Q3 2015.