Invesco California AMT-Free Municipal Bond ETF
130 hedge funds and large institutions have $868M invested in Invesco California AMT-Free Municipal Bond ETF in 2026 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 60 increasing their positions, 27 reducing their positions, and 15 closing their positions.
122% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 27
27% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 15
8% more capital invested
Capital invested by funds: $803M → $868M (+$65.5M)
2% more funds holding
Funds holding: 127 → 130 (+3)
0.24% less ownership
Funds ownership: 75.04% → 74.8% (-0.24%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mercer Global Advisors
Denver,
Colorado
|
+$13.1M |
| 2 |
SVWG
Shared Vision Wealth Group
Carlsbad,
United States
|
+$6.68M |
| 3 |
GKWIM
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
|
+$4.37M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$4.14M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$3.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
-$3.7M |
| 2 |
Mariner
Overland Park,
Kansas
|
-$2.85M |
| 3 |
AF
Allworth Financial
Folsom,
California
|
-$2.07M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.23M |
| 5 |
AFGAS
Allegiance Financial Group Advisory Services
Vienna,
Virginia
|
-$618K |
PWZ Hedge Fund Activity: Q2 2026 in Review
130 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in Invesco California AMT-Free Municipal Bond ETF (PWZ) for Q2 2026, worth a combined $868M — up 8.2% from $803M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new PWZ positions and 15 closed out — a net gain of 4 holders — while 60 added to existing stakes and 27 trimmed.
The largest buyer was Mercer Global Advisors, adding an estimated $13.1M. The largest seller was Beacon Pointe Advisors, exiting entirely with an estimated $3.7M sold.
- 130 institutional investors held Invesco California AMT-Free Municipal Bond ETF (PWZ) as of Q2 2026, up from 127 in Q1 2026.
- Funds reported $868M of Invesco California AMT-Free Municipal Bond ETF stock for Q2 2026, up 8.2% quarter-over-quarter.
- 19 funds opened new Invesco California AMT-Free Municipal Bond ETF positions in Q2 2026 and 15 closed out, a net change of +4 holders.
- The largest Invesco California AMT-Free Municipal Bond ETF buyer in Q2 2026 was Mercer Global Advisors, an estimated $13.1M added.
- The largest Invesco California AMT-Free Municipal Bond ETF seller in Q2 2026 was Beacon Pointe Advisors, an estimated $3.7M sold.
Based on aggregated 13F filings for Q2 2026.