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Invesco National AMT-Free Municipal Bond ETF
PZA

149 hedge funds and large institutions have $1.19B invested in Invesco National AMT-Free Municipal Bond ETF in 2019 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 66 increasing their positions, 29 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

128% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 29

83% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 12

7% more funds holding

Funds holding: 139 → 149 (+10)

6% more capital invested

Capital invested by funds: $1.12B → $1.19B (+$72.2M)

0.1% more ownership

Funds ownership: 58.89% → 58.99% (+0.1%)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

Holders
149
Holders Change
+10
Holders Change %
+7.19%
% of All Funds
3.27%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.11%
New
22
Increased
66
Reduced
29
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$21.2M
2
UBS Group
UBS Group
Switzerland
+$14.5M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$4.37M
4
UBS AM
UBS AM
Illinois
+$4.17M
5
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$2.13M

Top Sellers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
-$4.48M
2
TNBTD
Trustmark National Bank Trust Department
Mississippi
-$1.81M
3
TFA
Transamerica Financial Advisors
Florida
-$1.76M
4
Jane Street
Jane Street
New York
-$1.45M
5
Goldman Sachs
Goldman Sachs
New York
-$899K
Name Holding Trade Value Shares
Change 		Change in
Stake
FAAS
26
First Allied Advisory Services
California
$2.53M +$13K +490 +0.5%
CB
27
Commerce Bank
Missouri
$2.29M – – –
Rockefeller Capital Management
28
Rockefeller Capital Management
New York
$2.28M +$2.13M +80,581 +1,549%
Janney Montgomery Scott
29
Janney Montgomery Scott
Pennsylvania
$2.06M +$499K +18,837 +32%
RJA
30
Raymond James & Associates
Florida
$1.81M -$12.7K -481 -0.7%
PI
31
PFS Investments
Georgia
$1.74M +$422K +15,929 +32%
Commonwealth Equity Services
32
Commonwealth Equity Services
Massachusetts
$1.73M +$442K +16,681 +34%
CA
33
Calton & Associates
Florida
$1.55M +$1.55M +58,554 New
SF
34
Synovus Financial
Georgia
$1.5M +$13.2K +500 +0.9%
Northwestern Mutual Wealth Management
35
Northwestern Mutual Wealth Management
Wisconsin
$1.41M +$170K +6,425 +14%
BAM
36
Belpointe Asset Management
Nevada
$1.4M +$40K +1,509 +3%
SFG
37
StrategIQ Financial Group
Indiana
$1.4M +$137K +5,187 +11%
SCA
38
Snowden Capital Advisors
New York
$1.32M +$399K +15,052 +43%
AFP
39
Ausdal Financial Partners
Iowa
$1.24M +$18.9K +715 +2%
CI
40
Cambiar Investors
Colorado
$1.19M – – –
SPC
41
Sigma Planning Corp
Michigan
$1.09M +$206K +7,785 +23%
Cambridge Investment Research Advisors
42
Cambridge Investment Research Advisors
Iowa
$1.08M -$62K -2,343 -5%
Jane Street
43
Jane Street
New York
$1.06M -$1.45M -54,725 -58%
JIP
44
Jaffetilchin Investment Partners
Florida
$1.05M +$262K +9,878 +33%
Citadel Advisors
45
Citadel Advisors
Florida
$1.03M +$49.3K +1,863 +5%
BTS
46
BB&T Securities
Virginia
$1.02M +$11.7K +441 +1%
MML Investors Services
47
MML Investors Services
Massachusetts
$1.01M -$114K -4,302 -10%
HighTower Advisors
48
HighTower Advisors
Illinois
$1M +$1.99K +75 +0.2%
Citigroup
49
Citigroup
New York
$1M +$326K +12,328 +48%
TIM
50
Tortoise Investment Management
New York
$998K – – –
1
2
3 4 5

PZA Hedge Fund Activity: Q3 2019 in Review

149 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q3 2019, worth a combined $1.19B — up 6.4% from $1.12B a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new PZA positions and 12 closed out — a net gain of 10 holders — while 66 added to existing stakes and 29 trimmed.

The largest buyer was Bank of America, adding an estimated $21.2M. The largest seller was Mackay Shields LLC, cutting an estimated $4.48M.

  • 149 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q3 2019, up from 139 in Q2 2019.
  • Funds reported $1.19B of Invesco National AMT-Free Municipal Bond ETF stock for Q3 2019, up 6.4% quarter-over-quarter.
  • 22 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q3 2019 and 12 closed out, a net change of +10 holders.
  • The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q3 2019 was Bank of America, an estimated $21.2M added.
  • The largest Invesco National AMT-Free Municipal Bond ETF seller in Q3 2019 was Mackay Shields LLC, an estimated $4.48M sold.

Based on aggregated 13F filings for Q3 2019.