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Invesco National AMT-Free Municipal Bond ETF

83 hedge funds and large institutions have $419M invested in Invesco National AMT-Free Municipal Bond ETF in 2015 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 32 increasing their positions, 23 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

368% more call options, than puts

Call options by funds: $1.39M | Put options by funds: $296K

100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 6

39% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 23

5% more funds holding

Funds holding: 7983 (+4)

5% more capital invested

Capital invested by funds: $400M → $419M (+$18.8M)

0.37% less ownership

Funds ownership: 42.6%42.23% (-0.37%)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
83
Holders Change
+4
Holders Change %
+5.06%
% of All Funds
2.21%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
12
Increased
32
Reduced
23
Closed
6
Calls
$1.39M
Puts
$296K
Net Calls
+$1.09M
Net Calls Change
+$996K
Name Holding Trade Value Shares
Change
Change in
Stake
AMG
26
Asset Management Group
Connecticut
$1.3M +$561K +21,938 +75%
FAAS
27
First Allied Advisory Services
California
$1.25M +$546K +21,367 +77%
RJFSA
28
Raymond James Financial Services Advisors
Florida
$1.16M +$79K +3,092 +7%
MFS
29
MSI Financial Services
Massachusetts
$1.08M +$398K +15,587 +58%
Chevy Chase Trust
30
Chevy Chase Trust
Maryland
$1.02M
Janney Montgomery Scott
31
Janney Montgomery Scott
Pennsylvania
$919K +$143K +5,593 +18%
AI
32
Atria Investments
North Carolina
$891K -$402K -15,713 -31%
EWA
33
Exencial Wealth Advisors
Oklahoma
$890K +$1.41K +55 +0.2%
SF
34
Synovus Financial
Georgia
$807K +$128K +5,000 +19%
NC
35
NewSquare Capital
Pennsylvania
$804K +$36.8K +1,441 +5%
Jane Street
36
Jane Street
New York
$795K +$796K +31,146 New
PAS
37
Partnervest Advisory Services
California
$733K +$18.9K +740 +3%
PAG
38
Pinnacle Advisory Group
Maryland
$694K
WEC
39
Winslow Evans & Crocker
Massachusetts
$690K +$614K +24,030 +801%
Cambridge Investment Research Advisors
40
Cambridge Investment Research Advisors
Iowa
$613K -$47.3K -1,849 -7%
VKH
41
Virtu KCG Holdings
New York
$555K +$555K +21,727 New
NCM
42
Neumann Capital Management
California
$541K -$34.5K -1,350 -6%
AIG
43
American International Group
New York
$485K +$162K +6,355 +50%
First Trust Advisors
44
First Trust Advisors
Illinois
$445K -$396K -15,488 -47%
BOTW
45
Bank of the West
California
$443K -$24.6K -963 -5%
FIG
46
Fusion Investment Group
Pennsylvania
$341K -$31.5K -1,232 -8%
NCM
47
Newgate Capital Management
Connecticut
$321K +$321K +12,561 New
KL
48
KWMG LLC
Kansas
$309K +$12.1K +473 +4%
YP
49
Yellowstone Partners
Idaho
$291K +$71.2K +2,786 +32%
Invesco
50
Invesco
Georgia
$278K +$511 +20 +0.2%

PZA Hedge Fund Activity: Q1 2015 in Review

83 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q1 2015, worth a combined $419M — up 4.7% from $400M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new PZA positions and 6 closed out — a net gain of 6 holders — while 32 added to existing stakes and 23 trimmed.

The largest buyer was Managed Account Advisors, adding an estimated $23.7M. The largest seller was Cerity Partners OCIO, cutting an estimated $19.3M.

  • 83 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q1 2015, up from 79 in Q4 2014.
  • Funds reported $419M of Invesco National AMT-Free Municipal Bond ETF stock for Q1 2015, up 4.7% quarter-over-quarter.
  • 12 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q1 2015 and 6 closed out, a net change of +6 holders.
  • The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q1 2015 was Managed Account Advisors, an estimated $23.7M added.
  • The largest Invesco National AMT-Free Municipal Bond ETF seller in Q1 2015 was Cerity Partners OCIO, an estimated $19.3M sold.

Based on aggregated 13F filings for Q1 2015.