Invesco California AMT-Free Municipal Bond ETF
34 hedge funds and large institutions have $144M invested in Invesco California AMT-Free Municipal Bond ETF in 2018 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 15 reducing their positions, and 7 closing their positions.
4% less capital invested
Capital invested by funds: $150M → $144M (-$5.78M)
1.83% less ownership
Funds ownership: 59.33% → 57.51% (-1.8%)
11% less funds holding
Funds holding: 38 → 34 (-4)
47% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 15
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.61M |
| 2 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$2.38M |
| 3 |
Morgan Stanley
New York
|
+$216K |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$97.8K |
| 5 |
CF
Centaurus Financial
Anaheim,
California
|
+$93.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.71M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.9M |
| 3 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
-$1.4M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.18M |
| 5 |
DCM
Dimension Capital Management
Coral Gables,
Florida
|
-$673K |
PWZ Hedge Fund Activity: Q2 2018 in Review
34 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q2 2018, worth a combined $144M — down 3.9% from $150M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PWZ and 3 opened new positions — a net loss of 4 holders — while 15 trimmed existing stakes and 8 added.
The largest buyer was Bank of America, adding an estimated $2.61M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $4.71M sold.
- 34 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q2 2018, down from 38 in Q1 2018.
- Funds reported $144M of Invesco California AMT-Free Municipal Bond ETF stock for Q2 2018, down 3.9% quarter-over-quarter.
- 3 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q2 2018 and 7 closed out, a net change of -4 holders.
- The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q2 2018 was Bank of America, an estimated $2.61M added.
- The largest Invesco California AMT-Free Municipal Bond ETF seller in Q2 2018 was Susquehanna International Group, an estimated $4.71M sold.
Based on aggregated 13F filings for Q2 2018.