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Invesco California AMT-Free Municipal Bond ETF
PWZ

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.

New
Increased
Maintained
Reduced
Closed

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

27% more funds holding

Funds holding: 15 → 19 (+4)

9% more capital invested

Capital invested by funds: $49.4M → $53.9M (+$4.58M)

1.28% less ownership

Funds ownership: 40.11% → 38.83% (-1.3%)

Holders
19
Holders Change
+4
Holders Change %
+26.67%
% of All Funds
0.51%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
7
Reduced
4
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RJFSA
Raymond James Financial Services Advisors
Florida
+$4.75M
2
Wells Fargo
Wells Fargo
California
+$2.03M
3
Bank of America
Bank of America
North Carolina
+$880K
4
UBS Group
UBS Group
Switzerland
+$787K
5
PAS
Partnervest Advisory Services
California
+$417K

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$5.59M
2
TFA
Transamerica Financial Advisors
Florida
-$526K
3
LPL Financial
LPL Financial
California
-$414K
4
AIG
American International Group
New York
-$185K
5
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
-$18.6K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
1
Wells Fargo
California
$30.9M +$2.03M +76,419 +7%
RJFSA
2
Raymond James Financial Services Advisors
Florida
$4.83M +$4.75M +179,274 New
UBS Group
3
UBS Group
Switzerland
$4.2M +$787K +29,701 +24%
Bank of America
4
Bank of America
North Carolina
$4.04M +$880K +33,214 +28%
Morgan Stanley
5
Morgan Stanley
New York
$3.42M -$5.59M -211,015 -62%
LPL Financial
6
LPL Financial
California
$1.46M -$414K -15,613 -22%
Jane Street
7
Jane Street
New York
$1.1M +$47.3K +1,784 +5%
Citigroup
8
Citigroup
New York
$975K -$18.1K -683 -2%
PAS
9
Partnervest Advisory Services
California
$841K +$417K +15,738 +102%
AA
10
Apriem Advisors
California
$435K +$7.42K +280 +2%
GKWIM
11
Gerber Kawasaki Wealth & Investment Management
California
$392K -$18.6K -700 -5%
HighTower Advisors
12
HighTower Advisors
Illinois
$300K +$297K +11,194 New
RJA
13
Raymond James & Associates
Florida
$242K +$237K +8,958 New
AG
14
Advisor Group
Arizona
$214K +$212K +7,995 New
CCM
15
Coe Capital Management
Illinois
$210K – – –
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$206K +$60.5K +2,283 +42%
Creative Planning
17
Creative Planning
Kansas
$54K – – –
IA
18
IFP Advisors
Florida
$52K +$51K +1,925 New
LTFS
19
Ladenburg Thalmann Financial Services
Florida
$27K +$26.5K +1,000 New
TFA
20
Transamerica Financial Advisors
Florida
– -$526K -20,061 Closed
AIG
21
American International Group
New York
– -$185K -7,086 Closed

PWZ Hedge Fund Activity: Q2 2016 in Review

19 of the 3,748 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.