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Invesco California AMT-Free Municipal Bond ETF
PWZ

73 hedge funds and large institutions have $299M invested in Invesco California AMT-Free Municipal Bond ETF in 2021 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 27 increasing their positions, 14 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

93% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 14

45% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 11

12% more capital invested

Capital invested by funds: $266M → $299M (+$32.5M)

7% more funds holding

Funds holding: 68 → 73 (+5)

1.47% more ownership

Funds ownership: 51.47% → 52.93% (+1.5%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
73
Holders Change
+5
Holders Change %
+7.35%
% of All Funds
1.12%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
16
Increased
27
Reduced
14
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CSIA
Charles Schwab Investment Advisory
California
+$19.3M
2
Jane Street
Jane Street
New York
+$7.13M
3
MIAN
Mariner Independent Advisor Network
Kansas
+$3.4M
4
MWM
McNaughton Wealth Management
California
+$1.85M
5
BRWA
B. Riley Wealth Advisors
Florida
+$1.73M

Top Sellers

1
MMA
Miracle Mile Advisors
California
-$8.12M
2
Ameriprise
Ameriprise
Minnesota
-$1.55M
3
FTUS
Flow Traders U.S.
New York
-$561K
4
GRP
Global Retirement Partners
California
-$477K
5
Creative Planning
Creative Planning
Kansas
-$440K
Name Holding Trade Value Shares
Change 		Change in
Stake
CSIA
1
Charles Schwab Investment Advisory
California
$177M +$19.3M +695,138 +12%
BC
2
Brio Consultants
California
$13.3M +$1.11M +40,014 +9%
Bank of America
3
Bank of America
North Carolina
$12.9M +$477K +17,168 +4%
Morgan Stanley
4
Morgan Stanley
New York
$12.3M -$188K -6,749 -2%
Jane Street
5
Jane Street
New York
$7.15M +$7.13M +256,235 New
GKWIM
6
Gerber Kawasaki Wealth & Investment Management
California
$6.84M -$191K -6,873 -3%
LPL Financial
7
LPL Financial
California
$5.86M -$138K -4,972 -2%
Ameriprise
8
Ameriprise
Minnesota
$5.17M -$1.55M -55,824 -23%
Wells Fargo
9
Wells Fargo
California
$4.57M +$199K +7,140 +5%
Fidelity Investments
10
Fidelity Investments
Massachusetts
$4.28M +$66.3K +2,383 +2%
SW
11
SteelPeak Wealth
California
$4M +$763K +27,454 +24%
BRWA
12
B. Riley Wealth Advisors
Florida
$3.63M +$1.73M +62,057 +91%
FAT
13
First American Trust
California
$3.63M +$494K +17,755 +16%
MIAN
14
Mariner Independent Advisor Network
Kansas
$3.41M +$3.4M +122,327 New
UBS Group
15
UBS Group
Switzerland
$3.16M +$189K +6,803 +6%
RMC
16
Regis Management Company
California
$2.78M – – –
SWRP
17
Summit Wealth & Retirement Planning
California
$2.55M -$355K -12,765 -12%
KeyBank National Association
18
KeyBank National Association
Ohio
$1.94M +$20.2K +725 +1%
MWM
19
McNaughton Wealth Management
California
$1.85M +$1.85M +66,706 New
Mariner
20
Mariner
Kansas
$1.66M +$1.66M +59,590 New
BCI
21
Brinker Capital Investments
Pennsylvania
$1.44M +$87K +3,130 +6%
SC
22
Seldon Capital
California
$1.26M +$1.25M +45,091 New
Osaic Holdings
23
Osaic Holdings
Arizona
$1.25M +$161K +5,772 +15%
RPCA
24
Running Point Capital Advisors
California
$1.16M -$113K -4,052 -9%
Citadel Advisors
25
Citadel Advisors
Florida
$1.04M +$1.03M +37,220 New
1
2 3 4

PWZ Hedge Fund Activity: Q4 2021 in Review

73 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q4 2021, worth a combined $299M — up 12% from $266M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new PWZ positions and 11 closed out — a net gain of 5 holders — while 27 added to existing stakes and 14 trimmed.

The largest buyer was Charles Schwab Investment Advisory, adding an estimated $19.3M. The largest seller was Miracle Mile Advisors, exiting entirely with an estimated $8.12M sold.

  • 73 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q4 2021, up from 68 in Q3 2021.
  • Funds reported $299M of Invesco California AMT-Free Municipal Bond ETF stock for Q4 2021, up 12% quarter-over-quarter.
  • 16 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q4 2021 and 11 closed out, a net change of +5 holders.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q4 2021 was Charles Schwab Investment Advisory, an estimated $19.3M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q4 2021 was Miracle Mile Advisors, an estimated $8.12M sold.

Based on aggregated 13F filings for Q4 2021.