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.
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: 32 → 32 (0)
29% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Credit Agricole
Montrouge Cedex,
France
|
+$74.4M |
| 2 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$10.6M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.91M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.64M |
| 5 |
Jane Street
New York
|
+$2.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$20.6M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$6.35M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$4.9M |
| 4 |
RMC
Regis Management Company
Menlo Park,
California
|
-$2.13M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.73M |
PWZ Hedge Fund Activity: Q1 2017 in Review
32 of the 4,034 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.