Invesco California AMT-Free Municipal Bond ETF
69 hedge funds and large institutions have $260M invested in Invesco California AMT-Free Municipal Bond ETF in 2021 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 34 increasing their positions, 10 reducing their positions, and 8 closing their positions.
240% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 10
6% more capital invested
Capital invested by funds: $246M → $260M (+$14M)
0.18% more ownership
Funds ownership: 53.09% → 53.27% (+0.18%)
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
1% less funds holding
Funds holding: 70 → 69 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$11.4M |
| 2 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$2.31M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$1.52M |
| 4 |
BC
Brio Consultants
San Francisco,
California
|
+$1.39M |
| 5 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$881K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$3.51M |
| 2 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
-$894K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$532K |
| 4 |
Morgan Stanley
New York
|
-$336K |
| 5 |
Charles Schwab
San Francisco,
California
|
-$308K |
PWZ Hedge Fund Activity: Q1 2021 in Review
69 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q1 2021, worth a combined $260M — up 5.7% from $246M a quarter earlier.
Fund positioning in PWZ was balanced in Q1 2021: 8 funds opened new positions, 8 closed out, 34 added to existing stakes and 10 trimmed.
The largest buyer was Charles Schwab Investment Advisory, adding an estimated $11.4M. The largest seller was Jane Street, cutting an estimated $3.51M.
- 69 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q1 2021, down from 70 in Q4 2020.
- Funds reported $260M of Invesco California AMT-Free Municipal Bond ETF stock for Q1 2021, up 5.7% quarter-over-quarter.
- 8 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q1 2021 and 8 closed out, a net change of 0 holders.
- The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q1 2021 was Charles Schwab Investment Advisory, an estimated $11.4M added.
- The largest Invesco California AMT-Free Municipal Bond ETF seller in Q1 2021 was Jane Street, an estimated $3.51M sold.
Based on aggregated 13F filings for Q1 2021.