Invesco California AMT-Free Municipal Bond ETF
24 hedge funds and large institutions have $104M invested in Invesco California AMT-Free Municipal Bond ETF in 2016 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 4 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
175% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 4
94% more capital invested
Capital invested by funds: $53.9M → $104M (+$50.6M)
26% more funds holding
Funds holding: 19 → 24 (+5)
13.92% more ownership
Funds ownership: 38.83% → 52.74% (+14%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$41.7M |
| 2 |
BPC
Banque Pictet & Cie
Geneva 73,
Switzerland
|
+$2.47M |
| 3 |
PNAA
Pictet North America Advisors
Geneva 73,
Switzerland
|
+$2.47M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$1.64M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$1.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.06M |
| 2 |
Jane Street
New York
|
-$716K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$242K |
| 4 |
LPL Financial
San Diego,
California
|
-$15.7K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
-$5.36K |
PWZ Hedge Fund Activity: Q3 2016 in Review
24 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q3 2016, worth a combined $104M — up 94% from $53.9M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PWZ positions and 1 closed out — a net gain of 5 holders — while 11 added to existing stakes and 4 trimmed.
The largest buyer was Charles Schwab Investment Advisory, opening a new position worth an estimated $41.7M. The largest seller was Morgan Stanley, cutting an estimated $1.06M.
- 24 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q3 2016, up from 19 in Q2 2016.
- Funds reported $104M of Invesco California AMT-Free Municipal Bond ETF stock for Q3 2016, up 94% quarter-over-quarter.
- 6 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q3 2016 and 1 closed out, a net change of +5 holders.
- The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q3 2016 was Charles Schwab Investment Advisory, an estimated $41.7M added.
- The largest Invesco California AMT-Free Municipal Bond ETF seller in Q3 2016 was Morgan Stanley, an estimated $1.06M sold.
Based on aggregated 13F filings for Q3 2016.