Invesco National AMT-Free Municipal Bond ETF
157 hedge funds and large institutions have $1.65B invested in Invesco National AMT-Free Municipal Bond ETF in 2020 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 64 increasing their positions, 41 reducing their positions, and 26 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 41
38% more capital invested
Capital invested by funds: $1.19B → $1.65B (+$453M)
7.63% more ownership
Funds ownership: 60.39% → 68.02% (+7.6%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
5% less funds holding
Funds holding: 166 → 157 (-9)
35% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$218M |
| 2 |
RBA
Richard Bernstein Advisors
New York
|
+$176M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$40.5M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.96M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$4.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$20.6M |
| 2 |
SPC
Silver Point Capital
Greenwich,
Connecticut
|
-$20.4M |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$6.33M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$5.32M |
| 5 |
PI
PFS Investments
Duluth,
Georgia
|
-$2.03M |
PZA Hedge Fund Activity: Q2 2020 in Review
157 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q2 2020, worth a combined $1.65B — up 38% from $1.19B a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of PZA and 17 opened new positions — a net loss of 9 holders — while 41 trimmed existing stakes and 64 added.
The largest buyer was Bank of America, adding an estimated $218M. The largest seller was Jane Street, cutting an estimated $20.6M.
- 157 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q2 2020, down from 166 in Q1 2020.
- Funds reported $1.65B of Invesco National AMT-Free Municipal Bond ETF stock for Q2 2020, up 38% quarter-over-quarter.
- 17 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q2 2020 and 26 closed out, a net change of -9 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q2 2020 was Bank of America, an estimated $218M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q2 2020 was Jane Street, an estimated $20.6M sold.
Based on aggregated 13F filings for Q2 2020.