Invesco California AMT-Free Municipal Bond ETF
19 hedge funds and large institutions have $53.9M invested in Invesco California AMT-Free Municipal Bond ETF in 2016 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
45% more capital inflows, than outflows
Capital inflows: $9.8M | Capital outflows: $6.75M
27% more funds holding
Funds holding: 15 → 19 (+4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$4.75M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$2.03M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$880K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$787K |
| 5 |
PAS
Partnervest Advisory Services
Santa Barbara,
California
|
+$417K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.59M |
| 2 |
Transamerica Financial Advisors
St. Petersburg,
Florida
|
-$526K |
| 3 |
LPL Financial
San Diego,
California
|
-$414K |
| 4 |
AIG
American International Group
New York
|
-$185K |
| 5 |
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
|
-$18.6K |
PWZ Hedge Fund Activity: Q2 2016 in Review
19 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q2 2016, worth a combined $53.9M — up 9.3% from $49.4M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PWZ positions and 2 closed out — a net gain of 4 holders — while 7 added to existing stakes and 4 trimmed.
The largest buyer was Raymond James Financial Services Advisors, opening a new position worth an estimated $4.75M. The largest seller was Morgan Stanley, cutting an estimated $5.59M.
- 19 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q2 2016, up from 15 in Q1 2016.
- Funds reported $53.9M of Invesco California AMT-Free Municipal Bond ETF stock for Q2 2016, up 9.3% quarter-over-quarter.
- 6 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q2 2016 and 2 closed out, a net change of +4 holders.
- The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q2 2016 was Raymond James Financial Services Advisors, an estimated $4.75M added.
- The largest Invesco California AMT-Free Municipal Bond ETF seller in Q2 2016 was Morgan Stanley, an estimated $5.59M sold.
Based on aggregated 13F filings for Q2 2016.