Invesco National AMT-Free Municipal Bond ETF
86 hedge funds and large institutions have $455M invested in Invesco National AMT-Free Municipal Bond ETF in 2015 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 32 increasing their positions, 20 reducing their positions, and 8 closing their positions.
113% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 8
60% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 20
30% more call options, than puts
Call options by funds: $380K | Put options by funds: $293K
15% more capital invested
Capital invested by funds: $398M → $455M (+$57.7M)
10% more funds holding
Funds holding: 78 → 86 (+8)
2.22% more ownership
Funds ownership: 44.84% → 47.07% (+2.2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$11.4M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$8.45M |
| 3 |
LPL Financial
San Diego,
California
|
+$6.22M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$5.94M |
| 5 |
Morgan Stanley
New York
|
+$4.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$1.16M |
| 2 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
-$581K |
| 3 |
PAS
Partnervest Advisory Services
Santa Barbara,
California
|
-$508K |
| 4 |
CA
Cetera Advisors
Denver,
Colorado
|
-$306K |
| 5 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$297K |
PZA Hedge Fund Activity: Q4 2015 in Review
86 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q4 2015, worth a combined $455M — up 15% from $398M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new PZA positions and 8 closed out — a net gain of 9 holders — while 32 added to existing stakes and 20 trimmed.
The largest buyer was UBS Group, adding an estimated $11.4M. The largest seller was Jane Street, exiting entirely with an estimated $1.16M sold.
- 86 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q4 2015, up from 78 in Q3 2015.
- Funds reported $455M of Invesco National AMT-Free Municipal Bond ETF stock for Q4 2015, up 15% quarter-over-quarter.
- 17 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q4 2015 and 8 closed out, a net change of +9 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q4 2015 was UBS Group, an estimated $11.4M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q4 2015 was Jane Street, an estimated $1.16M sold.
Based on aggregated 13F filings for Q4 2015.