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Invesco National AMT-Free Municipal Bond ETF

89 hedge funds and large institutions have $690M invested in Invesco National AMT-Free Municipal Bond ETF in 2016 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 39 increasing their positions, 19 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

105% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 19

14% more capital invested

Capital invested by funds: $606M → $690M (+$83.6M)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 10

1% less funds holding

Funds holding: 9089 (-1)

1.43% less ownership

Funds ownership: 51.57%50.14% (-1.4%)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $583K

Holders
89
Holders Change
-1
Holders Change %
-1.11%
% of All Funds
2.37%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
10
Increased
39
Reduced
19
Closed
10
Calls
Puts
$583K
Net Calls
-$583K
Net Calls Change
-$351K
Name Holding Trade Value Shares
Change
Change in
Stake
AG
26
Advisor Group
Arizona
$1.53M +$1.51M +57,933 New
AMG
27
Asset Management Group
Connecticut
$1.5M -$22.8K -874 -2%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$1.46M -$125K -4,777 -8%
TIM
29
Tortoise Investment Management
New York
$1.36M -$52.1K -2,000 -4%
WEC
30
Winslow Evans & Crocker
Massachusetts
$1.23M
FA
31
FDx Advisors
Illinois
$977K +$317K +12,141 +49%
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$969K +$445K +17,059 +88%
CCA
33
Clearwater Capital Advisors
Illinois
$899K +$882K +33,830 New
YP
34
Yellowstone Partners
Idaho
$867K +$365K +14,014 +75%
SCA
35
Snowden Capital Advisors
New York
$819K +$377K +14,469 +88%
SF
36
Synovus Financial
Georgia
$717K -$412K -15,809 -37%
ACS
37
Archford Capital Strategies
Illinois
$659K +$90.4K +3,466 +16%
PAG
38
Pinnacle Advisory Group
Maryland
$628K -$139K -5,328 -18%
PAS
39
Partnervest Advisory Services
California
$603K +$140K +5,376 +31%
SPC
40
Sigma Planning Corp
Michigan
$598K +$299K +11,478 +104%
IA
41
IFP Advisors
Florida
$579K +$569K +21,825 New
BTS
42
BB&T Securities
Virginia
$547K +$23.6K +905 +5%
Manulife (Manufacturers Life Insurance)
43
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$501K +$66.2K +2,539 +16%
AI
44
Atria Investments
North Carolina
$470K +$66.3K +2,542 +17%
CIM
45
Cetera Investment Management
California
$467K -$78.8K -3,024 -15%
First Trust Advisors
46
First Trust Advisors
Illinois
$429K -$33.2K -1,274 -7%
KL
47
KWMG LLC
Kansas
$419K +$36.2K +1,388 +10%
ICAS
48
Investors Capital Advisory Services
Massachusetts
$406K
FUBT
49
First United Bank & Trust
Maryland
$391K +$168K +6,430 +77%
CWM
50
Concert Wealth Management
California
$380K +$8.63K +331 +2%

PZA Hedge Fund Activity: Q2 2016 in Review

89 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q2 2016, worth a combined $690M — up 14% from $606M a quarter earlier.

Fund positioning in PZA was balanced in Q2 2016: 10 funds opened new positions, 10 closed out, 39 added to existing stakes and 19 trimmed.

The largest buyer was Bank of America, adding an estimated $40.1M. The largest seller was LPL Financial, cutting an estimated $6.27M.

  • 89 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q2 2016, down from 90 in Q1 2016.
  • Funds reported $690M of Invesco National AMT-Free Municipal Bond ETF stock for Q2 2016, up 14% quarter-over-quarter.
  • 10 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q2 2016 and 10 closed out, a net change of 0 holders.
  • The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q2 2016 was Bank of America, an estimated $40.1M added.
  • The largest Invesco National AMT-Free Municipal Bond ETF seller in Q2 2016 was LPL Financial, an estimated $6.27M sold.

Based on aggregated 13F filings for Q2 2016.