Invesco National AMT-Free Municipal Bond ETF
102 hedge funds and large institutions have $919M invested in Invesco National AMT-Free Municipal Bond ETF in 2017 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 44 increasing their positions, 26 reducing their positions, and 11 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
69% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 26
18% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 11
15% more capital invested
Capital invested by funds: $797M → $919M (+$122M)
4.48% more ownership
Funds ownership: 53.49% → 57.97% (+4.5%)
2% more funds holding
Funds holding: 100 → 102 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$86.5M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$13.4M |
| 3 |
Jane Street
New York
|
+$11.2M |
| 4 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
+$3.25M |
| 5 |
UBS AM
Chicago,
Illinois
|
+$3.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCMG
Gyroscope Capital Management Group
Naples,
Florida
|
-$1.58M |
| 2 |
MC
Moors & Cabot
Boston,
Massachusetts
|
-$1.45M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$888K |
| 4 |
Goldman Sachs
New York
|
-$826K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$734K |
PZA Hedge Fund Activity: Q3 2017 in Review
102 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q3 2017, worth a combined $919M — up 15% from $797M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new PZA positions and 11 closed out — a net gain of 2 holders — while 44 added to existing stakes and 26 trimmed.
The largest buyer was Bank of America, adding an estimated $86.5M. The largest seller was Gyroscope Capital Management Group, exiting entirely with an estimated $1.58M sold.
- 102 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q3 2017, up from 100 in Q2 2017.
- Funds reported $919M of Invesco National AMT-Free Municipal Bond ETF stock for Q3 2017, up 15% quarter-over-quarter.
- 13 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q3 2017 and 11 closed out, a net change of +2 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q3 2017 was Bank of America, an estimated $86.5M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q3 2017 was Gyroscope Capital Management Group, an estimated $1.58M sold.
Based on aggregated 13F filings for Q3 2017.