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Invesco California AMT-Free Municipal Bond ETF
PWZ

96 hedge funds and large institutions have $370M invested in Invesco California AMT-Free Municipal Bond ETF in 2024 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 36 increasing their positions, 27 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 27

10% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 10

1% more funds holding

Funds holding: 95 → 96 (+1)

11.87% less ownership

Funds ownership: 67.89% → 56.01% (-12%)

37% less capital invested

Capital invested by funds: $587M → $370M (-$217M)

Holders
96
Holders Change
+1
Holders Change %
+1.05%
% of All Funds
1.38%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
36
Reduced
27
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$7.97M
2
ACA
Affinity Capital Advisors
California
+$5.59M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$5.33M
4
MMA
Miracle Mile Advisors
California
+$3.91M
5
Ameriprise
Ameriprise
Minnesota
+$3.62M

Top Sellers

1
Charles Schwab
Charles Schwab
California
-$243M
2
BWM
Boyd Wealth Management
California
-$4.87M
3
Mariner
Mariner
Kansas
-$2.89M
4
Morgan Stanley
Morgan Stanley
New York
-$2.45M
5
DAS
Dynamic Advisor Solutions
Arizona
-$1.64M
Name Holding Trade Value Shares
Change 		Change in
Stake
MMA
1
Miracle Mile Advisors
California
$57M +$3.91M +156,516 +7%
FFA
2
First Foundation Advisors
California
$37.7M -$1.35M -53,972 -3%
SWP
3
Stratos Wealth Partners
Ohio
$35.4M +$702K +28,143 +2%
Bank of America
4
Bank of America
North Carolina
$29.7M +$7.97M +319,381 +37%
GKWIM
5
Gerber Kawasaki Wealth & Investment Management
California
$29.2M +$3.53M +141,442 +14%
Envestnet Asset Management
6
Envestnet Asset Management
Illinois
$26.3M +$5.33M +213,758 +26%
EWA
7
EP Wealth Advisors
California
$19.4M +$324K +12,990 +2%
Morgan Stanley
8
Morgan Stanley
New York
$12.9M -$2.45M -98,060 -16%
LPL Financial
9
LPL Financial
California
$12.8M +$2.83M +113,248 +29%
JP Morgan Chase
10
JP Morgan Chase
New York
$11.7M -$457K -18,301 -4%
Ameriprise
11
Ameriprise
Minnesota
$10.2M +$3.62M +145,262 +55%
Wells Fargo
12
Wells Fargo
California
$6.95M +$230K +9,200 +3%
Fidelity Investments
13
Fidelity Investments
Massachusetts
$6.86M -$71K -2,846 -1%
ACA
14
Affinity Capital Advisors
California
$5.61M +$5.59M +223,857 New
Mariner
15
Mariner
Kansas
$5.49M -$2.89M -115,997 -35%
AF
16
Allworth Financial
California
$5.45M +$78.6K +3,150 +1%
FAT
17
First American Trust
California
$4.35M +$189K +7,589 +5%
SW
18
SteelPeak Wealth
California
$2.93M -$65.2K -2,614 -2%
KeyBank National Association
19
KeyBank National Association
Ohio
$2.76M +$15.8K +635 +0.6%
OIA
20
OneDigital Investment Advisors
Kansas
$2.61M -$191K -7,656 -7%
BCI
21
Brinker Capital Investments
Pennsylvania
$2.46M -$201K -8,043 -8%
OPS
22
Orion Portfolio Solutions
Nebraska
$2.46M -$201K -8,043 -8%
UBS Group
23
UBS Group
Switzerland
$2.4M +$35.1K +1,407 +1%
MWM
24
McNaughton Wealth Management
California
$2.19M +$256K +10,277 +13%
JSW
25
Journey Strategic Wealth
New Jersey
$1.79M +$16.8K +672 +0.9%
1
2 3 4 5

PWZ Hedge Fund Activity: Q3 2024 in Review

96 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q3 2024, worth a combined $370M — down 37% from $587M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PWZ positions and 10 closed out — a net gain of 1 holder — while 36 added to existing stakes and 27 trimmed.

The largest buyer was Bank of America, adding an estimated $7.97M. The largest seller was Charles Schwab, cutting an estimated $243M.

  • 96 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q3 2024, up from 95 in Q2 2024.
  • Funds reported $370M of Invesco California AMT-Free Municipal Bond ETF stock for Q3 2024, down 37% quarter-over-quarter.
  • 11 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q3 2024 and 10 closed out, a net change of +1 holder.
  • The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q3 2024 was Bank of America, an estimated $7.97M added.
  • The largest Invesco California AMT-Free Municipal Bond ETF seller in Q3 2024 was Charles Schwab, an estimated $243M sold.

Based on aggregated 13F filings for Q3 2024.