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Invesco California AMT-Free Municipal Bond ETF
PWZ

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.

New
Increased
Maintained
Reduced
Closed

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%)

Holders
24
Holders Change
+5
Holders Change %
+26.32%
% of All Funds
0.64%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
11
Reduced
4
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CSIA
Charles Schwab Investment Advisory
California
+$41.7M
2
BPC
Banque Pictet & Cie
Switzerland
+$2.47M
3
PNAA
Pictet North America Advisors
Switzerland
+$2.47M
4
VKH
Virtu KCG Holdings
New York
+$1.64M
5
UBS Group
UBS Group
Switzerland
+$1.24M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$1.06M
2
Jane Street
Jane Street
New York
-$716K
3
RJA
Raymond James & Associates
Florida
-$242K
4
LPL Financial
LPL Financial
California
-$15.7K
5
IA
IFP Advisors
Florida
-$5.36K
Name Holding Trade Value Shares
Change 		Change in
Stake
CSIA
1
Charles Schwab Investment Advisory
California
$41.4M +$41.7M +1,556,581 New
Wells Fargo
2
Wells Fargo
California
$30.7M +$237K +8,845 +0.8%
RJFSA
3
Raymond James Financial Services Advisors
Florida
$5.88M +$1.12M +41,870 +23%
UBS Group
4
UBS Group
Switzerland
$5.37M +$1.24M +46,487 +30%
Bank of America
5
Bank of America
North Carolina
$5.21M +$1.24M +46,182 +31%
BPC
6
Banque Pictet & Cie
Switzerland
$2.45M +$2.47M +92,225 New
PNAA
7
Pictet North America Advisors
Switzerland
$2.45M +$2.47M +92,225 New
Morgan Stanley
8
Morgan Stanley
New York
$2.32M -$1.06M -39,672 -31%
VKH
9
Virtu KCG Holdings
New York
$1.62M +$1.64M +61,075 New
LPL Financial
10
LPL Financial
California
$1.42M -$15.7K -586 -1%
PAS
11
Partnervest Advisory Services
California
$1.14M +$317K +11,831 +38%
Citigroup
12
Citigroup
New York
$979K +$17.8K +664 +2%
AA
13
Apriem Advisors
California
$640K +$212K +7,928 +49%
HighTower Advisors
14
HighTower Advisors
Illinois
$501K +$204K +7,610 +68%
Susquehanna International Group
15
Susquehanna International Group
Pennsylvania
$481K +$485K +18,101 New
GKWIM
16
Gerber Kawasaki Wealth & Investment Management
California
$480K +$93.7K +3,500 +24%
Jane Street
17
Jane Street
New York
$375K -$716K -26,755 -66%
AG
18
Advisor Group
Arizona
$272K +$59.9K +2,239 +28%
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$225K +$21.8K +816 +11%
CCM
20
Coe Capital Management
Illinois
$207K – – –
Cambridge Investment Research Advisors
21
Cambridge Investment Research Advisors
Iowa
$206K +$207K +7,745 New
Creative Planning
22
Creative Planning
Kansas
$53K – – –
IA
23
IFP Advisors
Florida
$46K -$5.36K -200 -10%
LTFS
24
Ladenburg Thalmann Financial Services
Florida
$27K – – –
RJA
25
Raymond James & Associates
Florida
– -$242K -8,958 Closed

PWZ Hedge Fund Activity: Q3 2016 in Review

24 of the 3,748 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.