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Invesco California AMT-Free Municipal Bond ETF

38 hedge funds and large institutions have $150M invested in Invesco California AMT-Free Municipal Bond ETF in 2018 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more capital invested

Capital invested by funds: $144M → $150M (+$6.37M)

0.78% more ownership

Funds ownership: 58.55%59.33% (+0.78%)

0% more funds holding

Funds holding: 3838 (0)

0% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 5

8% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 12

Holders
38
Holders Change
Holders Change %
0%
% of All Funds
0.87%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
11
Reduced
12
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CSIA
1
Charles Schwab Investment Advisory
California
$101M +$2M +77,517 +2%
Bank of America
2
Bank of America
North Carolina
$7.93M -$1.38M -53,520 -15%
LPL Financial
3
LPL Financial
California
$7.73M -$2.63M -101,542 -25%
Jane Street
4
Jane Street
New York
$6.56M +$6.12M +236,658 +1,255%
Susquehanna International Group
5
Susquehanna International Group
Pennsylvania
$4.71M +$4.74M +183,297 New
Morgan Stanley
6
Morgan Stanley
New York
$3.21M +$376K +14,543 +13%
UBS Group
7
UBS Group
Switzerland
$2.55M -$154K -5,959 -6%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$2.25M +$2.05M +79,441 +952%
Wells Fargo
9
Wells Fargo
California
$1.78M -$180K -6,951 -9%
JMPWA
10
JP Morgan Private Wealth Advisors
California
$1.4M -$214K -8,277 -13%
GKWIM
11
Gerber Kawasaki Wealth & Investment Management
California
$1.36M -$306K -11,850 -18%
LNC
12
Lincoln National Corp
Pennsylvania
$873K +$315K +12,183 +56%
BPC
13
Banque Pictet & Cie
Switzerland
$854K
PNAA
14
Pictet North America Advisors
Switzerland
$854K
HighTower Advisors
15
HighTower Advisors
Illinois
$676K -$66.8K -2,584 -9%
DCM
16
Dimension Capital Management
Florida
$673K
PAS
17
Partnervest Advisory Services
California
$651K +$1.89K +73 +0.3%
EWF
18
Epstein & White Financial
California
$639K -$128K -4,960 -17%
AA
19
Apriem Advisors
California
$632K +$13.4K +519 +2%
BCI
20
Brinker Capital Investments
Pennsylvania
$466K
RJFSA
21
Raymond James Financial Services Advisors
Florida
$398K -$189K -7,326 -32%
Ameriprise
22
Ameriprise
Minnesota
$320K +$339K +13,110 New
Cambridge Investment Research Advisors
23
Cambridge Investment Research Advisors
Iowa
$315K +$2.17K +84 +0.7%
AG
24
Advisor Group
Arizona
$315K +$118K +4,545 +59%
VF
25
Virtu Financial
New York
$314K +$316K +12,229 New

PWZ Hedge Fund Activity: Q1 2018 in Review

38 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q1 2018, worth a combined $150M — up 4.4% from $144M a quarter earlier.

Fund positioning in PWZ was balanced in Q1 2018: 5 funds opened new positions, 5 closed out, 11 added to existing stakes and 12 trimmed.

The largest buyer was Jane Street, adding an estimated $6.12M. The largest seller was LPL Financial, cutting an estimated $2.63M.

  • 38 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q1 2018, unchanged from Q4 2017.
  • Funds reported $150M of Invesco California AMT-Free Municipal Bond ETF stock for Q1 2018, up 4.4% quarter-over-quarter.
  • 5 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q1 2018 and 5 closed out, a net change of 0 holders.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q1 2018 was Jane Street, an estimated $6.12M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q1 2018 was LPL Financial, an estimated $2.63M sold.

Based on aggregated 13F filings for Q1 2018.