Invesco California AMT-Free Municipal Bond ETF
60 hedge funds and large institutions have $251M invested in Invesco California AMT-Free Municipal Bond ETF in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 1 closing their positions.
700% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 1
27% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 15
13% more funds holding
Funds holding: 53 → 60 (+7)
9.27% less ownership
Funds ownership: 67.2% → 57.93% (-9.3%)
21% less capital invested
Capital invested by funds: $318M → $251M (-$66.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$11.2M |
| 2 |
BC
Brio Consultants
San Francisco,
California
|
+$4.86M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$2.11M |
| 4 |
GKWIM
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
|
+$1.38M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
-$64.3M |
| 2 |
Jane Street
New York
|
-$27.7M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$12.6M |
| 4 |
FCA
FLC Capital Advisors
Palm Desert,
California
|
-$946K |
| 5 |
RMC
Regis Management Company
Menlo Park,
California
|
-$785K |
PWZ Hedge Fund Activity: Q2 2020 in Review
60 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q2 2020, worth a combined $251M — down 21% from $318M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PWZ positions and 1 closed out — a net gain of 7 holders — while 19 added to existing stakes and 15 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $11.2M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $64.3M.
- 60 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q2 2020, up from 53 in Q1 2020.
- Funds reported $251M of Invesco California AMT-Free Municipal Bond ETF stock for Q2 2020, down 21% quarter-over-quarter.
- 8 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q2 2020 and 1 closed out, a net change of +7 holders.
- The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q2 2020 was Citadel Advisors, an estimated $11.2M added.
- The largest Invesco California AMT-Free Municipal Bond ETF seller in Q2 2020 was Charles Schwab Investment Advisory, an estimated $64.3M sold.
Based on aggregated 13F filings for Q2 2020.