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Invesco California AMT-Free Municipal Bond ETF
PWZ

68 hedge funds and large institutions have $375M invested in Invesco California AMT-Free Municipal Bond ETF in 2022 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 24 increasing their positions, 25 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.19% more ownership

Funds ownership: 61.43% → 64.62% (+3.2%)

1% less capital invested

Capital invested by funds: $378M → $375M (-$2.55M)

4% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 25

8% less funds holding

Funds holding: 74 → 68 (-6)

45% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 11

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
68
Holders Change
-6
Holders Change %
-8.11%
% of All Funds
1.17%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
6
Increased
24
Reduced
25
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CSIA
Charles Schwab Investment Advisory
California
+$73.5M
2
Wells Fargo
Wells Fargo
California
+$3.05M
3
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
+$2.83M
4
BCI
Brinker Capital Investments
Pennsylvania
+$1.97M
5
EWA
EP Wealth Advisors
California
+$1.01M

Top Sellers

1
Jane Street
Jane Street
New York
-$29.6M
2
BC
Brio Consultants
California
-$16.7M
3
UBS Group
UBS Group
Switzerland
-$3.27M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.85M
5
RMC
Regis Management Company
California
-$2.43M
Name Holding Trade Value Shares
Change 		Change in
Stake
CSIA
1
Charles Schwab Investment Advisory
California
$269M +$73.5M +3,000,424 +35%
Wells Fargo
2
Wells Fargo
California
$14.9M +$3.05M +124,457 +24%
Bank of America
3
Bank of America
North Carolina
$12M -$2.3M -93,960 -15%
GKWIM
4
Gerber Kawasaki Wealth & Investment Management
California
$11.4M +$2.83M +115,643 +31%
Morgan Stanley
5
Morgan Stanley
New York
$7.85M -$1.19M -48,533 -13%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$6.57M -$1.64M -66,874 -19%
MIAN
7
Mariner Independent Advisor Network
Kansas
$4.37M +$238K +9,720 +5%
LPL Financial
8
LPL Financial
California
$4.24M -$572K -23,371 -11%
Ameriprise
9
Ameriprise
Minnesota
$3.87M +$416 +17 +0%
FAT
10
First American Trust
California
$3.56M +$520K +21,240 +16%
UBS Group
11
UBS Group
Switzerland
$3.46M -$3.27M -133,522 -47%
EWA
12
EP Wealth Advisors
California
$3.39M +$1.01M +41,247 +39%
SW
13
SteelPeak Wealth
California
$2.64M -$767K -31,302 -22%
BCI
14
Brinker Capital Investments
Pennsylvania
$1.87M +$1.97M +80,628 New
KeyBank National Association
15
KeyBank National Association
Ohio
$1.66M – – –
AF
16
Allworth Financial
California
$1.53M +$659K +26,927 +69%
SWRP
17
Summit Wealth & Retirement Planning
California
$1.48M -$340K -13,893 -18%
Mariner
18
Mariner
Kansas
$1.43M -$85.4K -3,486 -5%
Citadel Advisors
19
Citadel Advisors
Florida
$1.22M +$920K +37,581 +249%
Osaic Holdings
20
Osaic Holdings
Arizona
$1.07M -$27.3K -1,114 -2%
MWM
21
McNaughton Wealth Management
California
$983K -$154K -6,269 -13%
OFG
22
Omega Financial Group
California
$957K +$7.71K +315 +0.8%
PFA
23
Pure Financial Advisors
California
$714K -$136K -5,549 -15%
BC
24
Brio Consultants
California
$686K -$16.7M -681,768 -96%
BRWA
25
B. Riley Wealth Advisors
Florida
$624K -$29.3K -1,195 -4%
1
2 3 4

PWZ Hedge Fund Activity: Q3 2022 in Review

68 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q3 2022, worth a combined $375M — down 0.68% from $378M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of PWZ and 6 opened new positions — a net loss of 5 holders — while 25 trimmed existing stakes and 24 added.

The largest buyer was Charles Schwab Investment Advisory, adding an estimated $73.5M. The largest seller was Jane Street, exiting entirely with an estimated $29.6M sold.

  • 68 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q3 2022, down from 74 in Q2 2022.
  • Funds reported $375M of Invesco California AMT-Free Municipal Bond ETF stock for Q3 2022, down 0.68% quarter-over-quarter.
  • 6 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q3 2022 and 11 closed out, a net change of -5 holders.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q3 2022 was Charles Schwab Investment Advisory, an estimated $73.5M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q3 2022 was Jane Street, an estimated $29.6M sold.

Based on aggregated 13F filings for Q3 2022.