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Invesco California AMT-Free Municipal Bond ETF
PWZ

76 hedge funds and large institutions have $525M invested in Invesco California AMT-Free Municipal Bond ETF in 2023 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 33 increasing their positions, 17 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 6

94% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 17

37% more capital invested

Capital invested by funds: $383M → $525M (+$142M)

12% more funds holding

Funds holding: 68 → 76 (+8)

11.6% more ownership

Funds ownership: 61.55% → 73.15% (+12%)

0% more call options, than puts

Call options by funds: $2K | Put options by funds: $2K

Holders
76
Holders Change
+8
Holders Change %
+11.76%
% of All Funds
1.21%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
14
Increased
33
Reduced
17
Closed
6
Calls
$2K
Puts
$2K
Net Calls
–
Net Calls Change
–

Top Buyers

1
CSIA
Charles Schwab Investment Advisory
California
+$113M
2
MMA
Miracle Mile Advisors
California
+$16.8M
3
JP Morgan Chase
JP Morgan Chase
New York
+$13.1M
4
FFA
First Foundation Advisors
California
+$12.7M
5
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
+$4.85M

Top Sellers

1
Wells Fargo
Wells Fargo
California
-$5.19M
2
Jane Street
Jane Street
New York
-$3.07M
3
BCI
Brinker Capital Investments
Pennsylvania
-$2.23M
4
OPS
Orion Portfolio Solutions
Nebraska
-$2.23M
5
FTUS
Flow Traders U.S.
New York
-$2.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
CSIA
1
Charles Schwab Investment Advisory
California
$321M +$113M +4,647,696 +51%
FFA
2
First Foundation Advisors
California
$27.5M +$12.7M +520,876 +80%
GKWIM
3
Gerber Kawasaki Wealth & Investment Management
California
$17.9M +$4.85M +199,429 +35%
MMA
4
Miracle Mile Advisors
California
$16.7M +$16.8M +690,600 +3,578%
Bank of America
5
Bank of America
North Carolina
$15.9M +$2.55M +104,959 +18%
JP Morgan Chase
6
JP Morgan Chase
New York
$12.7M +$13.1M +539,694 +20,305%
Morgan Stanley
7
Morgan Stanley
New York
$11.4M -$357K -14,707 -3%
Fidelity Investments
8
Fidelity Investments
Massachusetts
$8.82M +$668K +27,469 +8%
Wells Fargo
9
Wells Fargo
California
$7.74M -$5.19M -213,534 -39%
LPL Financial
10
LPL Financial
California
$6.9M +$1.71M +70,488 +32%
Mariner
11
Mariner
Kansas
$6.24M +$220K +9,031 +4%
BWM
12
Boyd Wealth Management
California
$5.69M +$514K +21,164 +10%
Envestnet Asset Management
13
Envestnet Asset Management
Illinois
$4.66M +$4.4M +181,088 +1,047%
Mercer Global Advisors
14
Mercer Global Advisors
Colorado
$4.6M +$4.76M +195,982 New
Ameriprise
15
Ameriprise
Minnesota
$4.55M +$90.2K +3,709 +2%
WP
16
WealthSource Partners
California
$3.85M +$1.82M +74,874 +84%
ACA
17
Affinity Capital Advisors
California
$3.58M +$2.38M +97,926 +179%
FAT
18
First American Trust
California
$3.54M +$99.1K +4,078 +3%
SW
19
SteelPeak Wealth
California
$3.47M -$396K -16,286 -10%
PFA
20
Pure Financial Advisors
California
$3.18M +$1.45M +59,762 +79%
Osaic Holdings
21
Osaic Holdings
Arizona
$2.63M +$1.23M +50,477 +82%
BCI
22
Brinker Capital Investments
Pennsylvania
$2.6M -$2.23M -91,761 -45%
OPS
23
Orion Portfolio Solutions
Nebraska
$2.6M -$2.23M -91,761 -45%
AF
24
Allworth Financial
California
$2.08M +$274K +11,272 +15%
UBS Group
25
UBS Group
Switzerland
$1.83M -$557K -22,931 -23%
1
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PWZ Hedge Fund Activity: Q3 2023 in Review

76 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q3 2023, worth a combined $525M — up 37% from $383M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new PWZ positions and 6 closed out — a net gain of 8 holders — while 33 added to existing stakes and 17 trimmed.

The largest buyer was Charles Schwab Investment Advisory, adding an estimated $113M. The largest seller was Wells Fargo, cutting an estimated $5.19M.

  • 76 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q3 2023, up from 68 in Q2 2023.
  • Funds reported $525M of Invesco California AMT-Free Municipal Bond ETF stock for Q3 2023, up 37% quarter-over-quarter.
  • 14 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q3 2023 and 6 closed out, a net change of +8 holders.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q3 2023 was Charles Schwab Investment Advisory, an estimated $113M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q3 2023 was Wells Fargo, an estimated $5.19M sold.

Based on aggregated 13F filings for Q3 2023.