Invesco California AMT-Free Municipal Bond ETF
PWZ
45 hedge funds and large institutions have $205M invested in Invesco California AMT-Free Municipal Bond ETF in 2018 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 9 increasing their positions, 13 reducing their positions, and 5 closing their positions.
160% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 5
65% more capital invested
Capital invested by funds: $124M → $205M (+$81.2M)
22% more funds holding
Funds holding: 37 → 45 (+8)
13.65% more ownership
Funds ownership: 53.18% → 66.84% (+14%)
31% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$82.9M |
| 2 |
RMC
Regis Management Company
Menlo Park,
California
|
+$3.28M |
| 3 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
+$2.58M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$694K |
| 5 |
GKWIM
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
|
+$568K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$7.66M |
| 2 |
LPL Financial
San Diego,
California
|
-$4.63M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.71M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.4M |
| 5 |
LNC
Lincoln National Corp
Radnor,
Pennsylvania
|
-$801K |
PWZ Hedge Fund Activity: Q4 2018 in Review
45 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q4 2018, worth a combined $205M — up 65% from $124M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new PWZ positions and 5 closed out — a net gain of 8 holders — while 9 added to existing stakes and 13 trimmed.
The largest buyer was Charles Schwab Investment Advisory, adding an estimated $82.9M. The largest seller was Jane Street, cutting an estimated $7.66M.
- 45 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q4 2018, up from 37 in Q3 2018.
- Funds reported $205M of Invesco California AMT-Free Municipal Bond ETF stock for Q4 2018, up 65% quarter-over-quarter.
- 13 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q4 2018 and 5 closed out, a net change of +8 holders.
- The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q4 2018 was Charles Schwab Investment Advisory, an estimated $82.9M added.
- The largest Invesco California AMT-Free Municipal Bond ETF seller in Q4 2018 was Jane Street, an estimated $7.66M sold.
Based on aggregated 13F filings for Q4 2018.