Invesco California AMT-Free Municipal Bond ETF
32 hedge funds and large institutions have $99.3M invested in Invesco California AMT-Free Municipal Bond ETF in 2016 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 2 closing their positions.
400% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 2
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
33% more funds holding
Funds holding: 24 → 32 (+8)
0.56% more ownership
Funds ownership: 52.74% → 53.31% (+0.56%)
5% less capital invested
Capital invested by funds: $104M → $99.3M (-$5.21M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$8.41M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$6.53M |
| 3 |
RMC
Regis Management Company
Menlo Park,
California
|
+$2.16M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$1.24M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$762K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
-$14.7M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$6.8M |
| 3 |
VKH
Virtu KCG Holdings
New York
|
-$837K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$481K |
| 5 |
CCM
Coe Capital Management
Highland Park,
Illinois
|
-$207K |
PWZ Hedge Fund Activity: Q4 2016 in Review
32 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q4 2016, worth a combined $99.3M — down 5% from $104M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PWZ positions and 2 closed out — a net gain of 8 holders — while 12 added to existing stakes and 8 trimmed.
The largest buyer was LPL Financial, adding an estimated $8.41M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $14.7M.
- 32 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q4 2016, up from 24 in Q3 2016.
- Funds reported $99.3M of Invesco California AMT-Free Municipal Bond ETF stock for Q4 2016, down 5% quarter-over-quarter.
- 10 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q4 2016 and 2 closed out, a net change of +8 holders.
- The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q4 2016 was LPL Financial, an estimated $8.41M added.
- The largest Invesco California AMT-Free Municipal Bond ETF seller in Q4 2016 was Charles Schwab Investment Advisory, an estimated $14.7M sold.
Based on aggregated 13F filings for Q4 2016.