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Invesco California AMT-Free Municipal Bond ETF
PWZ

15 hedge funds and large institutions have $49.4M invested in Invesco California AMT-Free Municipal Bond ETF in 2016 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

1% more capital invested

Capital invested by funds: $48.9M → $49.4M (+$492K)

0% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 6

1.84% less ownership

Funds ownership: 41.94% → 40.11% (-1.8%)

17% less funds holding

Funds holding: 18 → 15 (-3)

75% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 4

Holders
15
Holders Change
-3
Holders Change %
-16.67%
% of All Funds
0.4%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
6
Reduced
6
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Jane Street
Jane Street
New York
+$760K
2
LPL Financial
LPL Financial
California
+$486K
3
PAS
Partnervest Advisory Services
California
+$402K
4
Bank of America
Bank of America
North Carolina
+$211K
5
AA
Apriem Advisors
California
+$42.4K

Top Sellers

1
Wells Fargo
Wells Fargo
California
-$1,000K
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$343K
3
TFA
Transamerica Financial Advisors
Florida
-$222K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$124K
5
Morgan Stanley
Morgan Stanley
New York
-$122K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
1
Wells Fargo
California
$28M -$1,000K -38,416 -3%
Morgan Stanley
2
Morgan Stanley
New York
$8.85M -$122K -4,683 -1%
UBS Group
3
UBS Group
Switzerland
$3.3M -$78.2K -3,005 -2%
Bank of America
4
Bank of America
North Carolina
$3.05M +$211K +8,119 +7%
LPL Financial
5
LPL Financial
California
$1.83M +$486K +18,671 +37%
Jane Street
6
Jane Street
New York
$1.02M +$760K +29,186 +296%
Citigroup
7
Citigroup
New York
$964K +$26.5K +1,018 +3%
TFA
8
Transamerica Financial Advisors
Florida
$526K -$222K -8,524 -30%
AA
9
Apriem Advisors
California
$415K +$42.4K +1,631 +11%
PAS
10
Partnervest Advisory Services
California
$404K +$402K +15,436 New
GKWIM
11
Gerber Kawasaki Wealth & Investment Management
California
$399K -$12.5K -480 -3%
CCM
12
Coe Capital Management
Illinois
$204K – – –
AIG
13
American International Group
New York
$185K +$13.6K +522 +8%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$141K -$124K -4,782 -47%
Creative Planning
15
Creative Planning
Kansas
$52K – – –
Susquehanna International Group
16
Susquehanna International Group
Pennsylvania
– -$343K -13,258 Closed
IA
17
IFP Advisors
Florida
– -$66K -2,550 Closed
MFS
18
MSI Financial Services
Massachusetts
– -$31K -1,200 Closed
TRCT
19
Tower Research Capital (TRC)
New York
– -$1K -52 Closed

PWZ Hedge Fund Activity: Q1 2016 in Review

15 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q1 2016, worth a combined $49.4M — up 1% from $48.9M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of PWZ and 1 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 6 added.

The largest buyer was Jane Street, adding an estimated $760K. The largest seller was Wells Fargo, cutting an estimated $1,000K.

  • 15 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q1 2016, down from 18 in Q4 2015.
  • Funds reported $49.4M of Invesco California AMT-Free Municipal Bond ETF stock for Q1 2016, up 1% quarter-over-quarter.
  • 1 fund opened new Invesco California AMT-Free Municipal Bond ETF positions in Q1 2016 and 4 closed out, a net change of -3 holders.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q1 2016 was Jane Street, an estimated $760K added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q1 2016 was Wells Fargo, an estimated $1,000K sold.

Based on aggregated 13F filings for Q1 2016.