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Invesco California AMT-Free Municipal Bond ETF
PWZ

70 hedge funds and large institutions have $246M invested in Invesco California AMT-Free Municipal Bond ETF in 2020 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 23 increasing their positions, 14 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 4

64% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 14

9% more funds holding

Funds holding: 64 → 70 (+6)

0% less capital invested

Capital invested by funds: $247M → $246M (-$1.05M)

1.81% less ownership

Funds ownership: 54.9% → 53.09% (-1.8%)

Holders
70
Holders Change
+6
Holders Change %
+9.38%
% of All Funds
1.24%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
23
Reduced
14
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
+$5M
2
Ameriprise
Ameriprise
Minnesota
+$2.82M
3
Morgan Stanley
Morgan Stanley
New York
+$1.85M
4
Bank of America
Bank of America
North Carolina
+$1.67M
5
BC
Brio Consultants
California
+$781K

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$7.73M
2
Jane Street
Jane Street
New York
-$4.03M
3
CSIA
Charles Schwab Investment Advisory
California
-$2.95M
4
JWCA
J.W. Cole Advisors
Florida
-$1.08M
5
FTUS
Flow Traders U.S.
New York
-$889K
Name Holding Trade Value Shares
Change 		Change in
Stake
CSIA
1
Charles Schwab Investment Advisory
California
$147M -$2.95M -106,382 -2%
Bank of America
2
Bank of America
North Carolina
$10.5M +$1.67M +60,361 +19%
Morgan Stanley
3
Morgan Stanley
New York
$10.3M +$1.85M +66,904 +22%
Jane Street
4
Jane Street
New York
$8.85M -$4.03M -145,492 -32%
BC
5
Brio Consultants
California
$7.38M +$781K +28,180 +12%
Ameriprise
6
Ameriprise
Minnesota
$6.96M +$2.82M +101,624 +69%
GKWIM
7
Gerber Kawasaki Wealth & Investment Management
California
$5.05M +$5M +180,335 New
Fidelity Investments
8
Fidelity Investments
Massachusetts
$4.22M -$416K -15,002 -9%
MIAN
9
Mariner Independent Advisor Network
Kansas
$3.82M +$194K +7,011 +5%
Wells Fargo
10
Wells Fargo
California
$3.72M +$558K +20,139 +18%
LPL Financial
11
LPL Financial
California
$3.53M -$505K -18,226 -13%
SW
12
SteelPeak Wealth
California
$3.11M +$17.2K +620 +0.6%
MMA
13
Miracle Mile Advisors
California
$3.04M +$64.3K +2,320 +2%
SWRP
14
Summit Wealth & Retirement Planning
California
$2.94M +$239K +8,631 +9%
RMC
15
Regis Management Company
California
$2.79M – – –
UBS Group
16
UBS Group
Switzerland
$2.63M -$719K -25,934 -22%
MWM
17
McNaughton Wealth Management
California
$1.52M +$271K +9,777 +22%
KeyBank National Association
18
KeyBank National Association
Ohio
$1.43M – – –
RPCA
19
Running Point Capital Advisors
California
$1.34M +$1.32M +47,801 New
Osaic Holdings
20
Osaic Holdings
Arizona
$1.03M -$172K -6,201 -14%
BRWM
21
B. Riley Wealth Management
Tennessee
$894K -$38.7K -1,396 -2%
DCM
22
Dimension Capital Management
Florida
$734K – – –
AA
23
Apriem Advisors
California
$718K +$146K +5,250 +26%
LNC
24
Lincoln National Corp
Pennsylvania
$627K +$333 +12 +0.1%
CAN
25
Cetera Advisor Networks
California
$602K -$877K -31,657 -60%
1
2 3

PWZ Hedge Fund Activity: Q4 2020 in Review

70 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q4 2020, worth a combined $246M — down 0.42% from $247M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PWZ positions and 4 closed out — a net gain of 7 holders — while 23 added to existing stakes and 14 trimmed.

The largest buyer was Gerber Kawasaki Wealth & Investment Management, opening a new position worth an estimated $5M. The largest seller was Citadel Advisors, exiting entirely with an estimated $7.73M sold.

  • 70 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q4 2020, up from 64 in Q3 2020.
  • Funds reported $246M of Invesco California AMT-Free Municipal Bond ETF stock for Q4 2020, down 0.42% quarter-over-quarter.
  • 11 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q4 2020 and 4 closed out, a net change of +7 holders.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q4 2020 was Gerber Kawasaki Wealth & Investment Management, an estimated $5M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q4 2020 was Citadel Advisors, an estimated $7.73M sold.

Based on aggregated 13F filings for Q4 2020.