Invesco California AMT-Free Municipal Bond ETF
74 hedge funds and large institutions have $378M invested in Invesco California AMT-Free Municipal Bond ETF in 2022 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 29 increasing their positions, 23 reducing their positions, and 15 closing their positions.
26% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 23
1.03% less ownership
Funds ownership: 62.46% → 61.43% (-1%)
5% less capital invested
Capital invested by funds: $399M → $378M (-$21.3M)
8% less funds holding
Funds holding: 80 → 74 (-6)
40% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$21.7M |
| 2 |
BC
Brio Consultants
San Francisco,
California
|
+$11.4M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$9.76M |
| 4 |
GKWIM
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
|
+$3.36M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
-$40.4M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$6.46M |
| 3 |
AF
Allworth Financial
Folsom,
California
|
-$5.68M |
| 4 |
Morgan Stanley
New York
|
-$3.26M |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$1.1M |
PWZ Hedge Fund Activity: Q2 2022 in Review
74 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q2 2022, worth a combined $378M — down 5.3% from $399M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of PWZ and 9 opened new positions — a net loss of 6 holders — while 23 trimmed existing stakes and 29 added.
The largest buyer was Jane Street, adding an estimated $21.7M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $40.4M.
- 74 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q2 2022, down from 80 in Q1 2022.
- Funds reported $378M of Invesco California AMT-Free Municipal Bond ETF stock for Q2 2022, down 5.3% quarter-over-quarter.
- 9 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q2 2022 and 15 closed out, a net change of -6 holders.
- The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q2 2022 was Jane Street, an estimated $21.7M added.
- The largest Invesco California AMT-Free Municipal Bond ETF seller in Q2 2022 was Charles Schwab Investment Advisory, an estimated $40.4M sold.
Based on aggregated 13F filings for Q2 2022.