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Invesco California AMT-Free Municipal Bond ETF

32 hedge funds and large institutions have $185M invested in Invesco California AMT-Free Municipal Bond ETF in 2017 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 14 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

86% more capital invested

Capital invested by funds: $99.3M → $185M (+$85.4M)

37.35% more ownership

Funds ownership: 53.31%90.65% (+37%)

33% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 3

0% more funds holding

Funds holding: 3232 (0)

29% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 14

Holders
32
Holders Change
Holders Change %
0%
% of All Funds
0.8%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
4
Increased
10
Reduced
14
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Credit Agricole
1
Credit Agricole
France
$101M +$74.4M +2,938,864 New
CSIA
2
Charles Schwab Investment Advisory
California
$35.5M +$10.6M +418,272 +43%
LPL Financial
3
LPL Financial
California
$9.58M -$110K -4,348 -1%
Bank of America
4
Bank of America
North Carolina
$6.52M -$4.9M -193,379 -43%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$5.08M +$4.91M +194,136 +3,173%
Susquehanna International Group
6
Susquehanna International Group
Pennsylvania
$3.65M +$3.64M +143,800 New
Jane Street
7
Jane Street
New York
$3.36M +$2.61M +102,943 +347%
UBS Group
8
UBS Group
Switzerland
$3.21M -$1.73M -68,417 -35%
BPC
9
Banque Pictet & Cie
Switzerland
$2.61M -$2.53K -100 -0.1%
PNAA
10
Pictet North America Advisors
Switzerland
$2.61M -$2.53K -100 -0.1%
Wells Fargo
11
Wells Fargo
California
$1.96M -$20.6M -813,152 -91%
Morgan Stanley
12
Morgan Stanley
New York
$1.59M -$966K -38,150 -38%
GKWIM
13
Gerber Kawasaki Wealth & Investment Management
California
$1.54M +$459K +18,150 +43%
PAS
14
Partnervest Advisory Services
California
$1.14M +$25K +987 +2%
HighTower Advisors
15
HighTower Advisors
Illinois
$1.06M -$641K -25,309 -38%
Citigroup
16
Citigroup
New York
$920K -$4.79K -189 -0.5%
JMPWA
17
JP Morgan Private Wealth Advisors
California
$905K +$436K +17,232 +93%
AA
18
Apriem Advisors
California
$434K +$709 +28 +0.2%
VKH
19
Virtu KCG Holdings
New York
$373K -$348K -13,731 -48%
BCI
20
Brinker Capital Investments
Pennsylvania
$297K -$35K -1,384 -11%
Cambridge Investment Research Advisors
21
Cambridge Investment Research Advisors
Iowa
$282K +$50K +1,976 +22%
AG
22
Advisor Group
Arizona
$258K +$1.06K +42 +0.4%
Citadel Advisors
23
Citadel Advisors
Florida
$239K -$376K -14,866 -61%
TSS
24
Two Sigma Securities
New York
$238K +$238K +9,390 New
CAN
25
Cetera Advisor Networks
California
$232K +$232K +9,165 New

PWZ Hedge Fund Activity: Q1 2017 in Review

32 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q1 2017, worth a combined $185M — up 86% from $99.3M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new PWZ positions and 3 closed out — a net gain of 1 holder — while 10 added to existing stakes and 14 trimmed.

The largest buyer was Credit Agricole, opening a new position worth an estimated $74.4M. The largest seller was Wells Fargo, cutting an estimated $20.6M.

  • 32 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q1 2017, unchanged from Q4 2016.
  • Funds reported $185M of Invesco California AMT-Free Municipal Bond ETF stock for Q1 2017, up 86% quarter-over-quarter.
  • 4 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q1 2017 and 3 closed out, a net change of +1 holder.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q1 2017 was Credit Agricole, an estimated $74.4M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q1 2017 was Wells Fargo, an estimated $20.6M sold.

Based on aggregated 13F filings for Q1 2017.