Invesco California AMT-Free Municipal Bond ETF
87 hedge funds and large institutions have $560M invested in Invesco California AMT-Free Municipal Bond ETF in 2024 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 34 increasing their positions, 20 reducing their positions, and 13 closing their positions.
70% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 20
8% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 13
2% less funds holding
Funds holding: 89 → 87 (-2)
9.91% less ownership
Funds ownership: 77.37% → 67.47% (-9.9%)
37% less capital inflows, than outflows
Capital inflows: $86.7M | Capital outflows: $137M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stratos Wealth Partners
Beachwood,
Ohio
|
+$34.5M |
| 2 |
Miracle Mile Advisors
Los Angeles,
California
|
+$18.8M |
| 3 |
First Foundation Advisors
Irvine,
California
|
+$11.8M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$4.97M |
| 5 |
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
|
+$2.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$84.9M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$11.2M |
| 3 |
Mercer Global Advisors
Denver,
Colorado
|
-$11M |
| 4 |
JP Morgan Chase
New York
|
-$9.6M |
| 5 |
Charles Schwab Investment Advisory
San Francisco,
California
|
-$7.84M |
PWZ Hedge Fund Activity: Q1 2024 in Review
87 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q1 2024, worth a combined $560M — down 9.3% from $618M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new PWZ positions and 13 closed out — a net gain of 1 holder — while 34 added to existing stakes and 20 trimmed.
The largest buyer was Stratos Wealth Partners, opening a new position worth an estimated $34.5M. The largest seller was Jane Street, cutting an estimated $84.9M.
- 87 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q1 2024, down from 89 in Q4 2023.
- Funds reported $560M of Invesco California AMT-Free Municipal Bond ETF stock for Q1 2024, down 9.3% quarter-over-quarter.
- 14 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q1 2024 and 13 closed out, a net change of +1 holder.
- The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q1 2024 was Stratos Wealth Partners, an estimated $34.5M added.
- The largest Invesco California AMT-Free Municipal Bond ETF seller in Q1 2024 was Jane Street, an estimated $84.9M sold.
Based on aggregated 13F filings for Q1 2024.