Invesco California AMT-Free Municipal Bond ETF
37 hedge funds and large institutions have $124M invested in Invesco California AMT-Free Municipal Bond ETF in 2018 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 13 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
9% more funds holding
Funds holding: 34 → 37 (+3)
4.32% less ownership
Funds ownership: 57.51% → 53.18% (-4.3%)
23% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 13
62% less capital inflows, than outflows
Capital inflows: $11.2M | Capital outflows: $29.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$6.38M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.74M |
| 3 |
KeyBank National Association
Cleveland,
Ohio
|
+$323K |
| 4 |
AE Wealth Management
Topeka,
Kansas
|
+$297K |
| 5 |
Two Sigma Securities
New York
|
+$284K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab Investment Advisory
San Francisco,
California
|
-$25.8M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.7M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.39M |
| 4 |
Epstein & White Financial
San Diego,
California
|
-$138K |
| 5 |
Global Retirement Partners
San Rafael,
California
|
-$132K |
PWZ Hedge Fund Activity: Q3 2018 in Review
37 of the 4,392 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q3 2018, worth a combined $124M — down 14% from $144M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PWZ positions and 3 closed out — a net gain of 3 holders — while 10 added to existing stakes and 13 trimmed.
The largest buyer was Jane Street, adding an estimated $6.38M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $25.8M.
- 37 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q3 2018, up from 34 in Q2 2018.
- Funds reported $124M of Invesco California AMT-Free Municipal Bond ETF stock for Q3 2018, down 14% quarter-over-quarter.
- 6 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q3 2018 and 3 closed out, a net change of +3 holders.
- The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q3 2018 was Jane Street, an estimated $6.38M added.
- The largest Invesco California AMT-Free Municipal Bond ETF seller in Q3 2018 was Charles Schwab Investment Advisory, an estimated $25.8M sold.
Based on aggregated 13F filings for Q3 2018.