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Invesco National AMT-Free Municipal Bond ETF

71 hedge funds and large institutions have $245M invested in Invesco National AMT-Free Municipal Bond ETF in 2014 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 32 increasing their positions, 22 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 5

45% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 22

21% more capital invested

Capital invested by funds: $203M → $245M (+$42.2M)

8% more funds holding

Funds holding: 6671 (+5)

3.27% more ownership

Funds ownership: 32.68%35.96% (+3.3%)

Holders
71
Holders Change
+5
Holders Change %
+7.58%
% of All Funds
2.04%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
10
Increased
32
Reduced
22
Closed
5
Calls
$123K
Puts
Net Calls
+$123K
Net Calls Change
+$123K
Name Holding Trade Value Shares
Change
Change in
Stake
Chevy Chase Trust
26
Chevy Chase Trust
Maryland
$1.1M -$2.44K -100 -0.2%
Goldman Sachs
27
Goldman Sachs
New York
$1.09M -$619K -25,324 -36%
RJFSA
28
Raymond James Financial Services Advisors
Florida
$1.06M +$181K +7,400 +21%
Envestnet Asset Management
29
Envestnet Asset Management
Illinois
$932K +$122K +4,997 +15%
EWA
30
Exencial Wealth Advisors
Oklahoma
$907K
PAS
31
Partnervest Advisory Services
California
$740K +$436K +17,844 +147%
AMG
32
Asset Management Group
Connecticut
$673K +$66.3K +2,713 +11%
PAG
33
Pinnacle Advisory Group
Maryland
$662K -$28.5K -1,165 -4%
CI
34
Cambiar Investors
Colorado
$617K -$245K -10,000 -29%
CS
35
Credit Suisse
Switzerland
$559K +$27.5K +1,123 +5%
Cambridge Investment Research Advisors
36
Cambridge Investment Research Advisors
Iowa
$523K -$976K -39,934 -65%
Janney Montgomery Scott
37
Janney Montgomery Scott
Pennsylvania
$514K +$5.06K +207 +1%
BOTW
38
Bank of the West
California
$459K -$114K -4,663 -20%
First Trust Advisors
39
First Trust Advisors
Illinois
$451K -$125K -5,120 -22%
NCM
40
Newgate Capital Management
Connecticut
$451K +$447K +18,271 New
JG
41
Jefferies Group
New York
$439K +$435K +17,800 New
SF
42
Synovus Financial
Georgia
$434K +$31.8K +1,300 +8%
NC
43
NewSquare Capital
Pennsylvania
$377K +$89.8K +3,671 +32%
FIG
44
Fusion Investment Group
Pennsylvania
$348K +$253K +10,344 +276%
AIG
45
American International Group
New York
$330K +$23.7K +971 +8%
MFS
46
MSI Financial Services
Massachusetts
$330K +$51.3K +2,100 +19%
CWM
47
Concert Wealth Management
California
$316K +$978 +40 +0.3%
LS
48
Lattice Strategies
Pennsylvania
$290K
Invesco
49
Invesco
Georgia
$277K -$942K -38,527 -77%
Citigroup
50
Citigroup
New York
$275K -$40.2K -1,644 -13%

PZA Hedge Fund Activity: Q2 2014 in Review

71 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q2 2014, worth a combined $245M — up 21% from $203M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new PZA positions and 5 closed out — a net gain of 5 holders — while 32 added to existing stakes and 22 trimmed.

The largest buyer was Bank of America, adding an estimated $18.6M. The largest seller was Ashford Capital Management, cutting an estimated $2.87M.

  • 71 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q2 2014, up from 66 in Q1 2014.
  • Funds reported $245M of Invesco National AMT-Free Municipal Bond ETF stock for Q2 2014, up 21% quarter-over-quarter.
  • 10 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q2 2014 and 5 closed out, a net change of +5 holders.
  • The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q2 2014 was Bank of America, an estimated $18.6M added.
  • The largest Invesco National AMT-Free Municipal Bond ETF seller in Q2 2014 was Ashford Capital Management, an estimated $2.87M sold.

Based on aggregated 13F filings for Q2 2014.