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Invesco National AMT-Free Municipal Bond ETF
PZA

172 hedge funds and large institutions have $1.89B invested in Invesco National AMT-Free Municipal Bond ETF in 2020 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 70 increasing their positions, 36 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

115% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 13

94% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 36

15% more capital invested

Capital invested by funds: $1.65B → $1.89B (+$243M)

10% more funds holding

Funds holding: 157 → 172 (+15)

2.08% more ownership

Funds ownership: 68.02% → 70.11% (+2.1%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

Holders
172
Holders Change
+15
Holders Change %
+9.55%
% of All Funds
3.47%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
28
Increased
70
Reduced
36
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
+$148M
2
Bank of America
Bank of America
North Carolina
+$45.8M
3
UBS Group
UBS Group
Switzerland
+$15.8M
4
RBA
Richard Bernstein Advisors
New York
+$10.4M
5
Morgan Stanley
Morgan Stanley
New York
+$6.53M

Top Sellers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
-$2.73M
2
TFA
Transamerica Financial Advisors
Florida
-$1.77M
3
Osaic Holdings
Osaic Holdings
Arizona
-$1.63M
4
TIA
Traphagen Investment Advisors
New Jersey
-$1.34M
5
TNBTD
Trustmark National Bank Trust Department
Mississippi
-$1.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
SW
26
SteelPeak Wealth
California
$2.92M +$651K +24,256 +28%
RJFSA
27
Raymond James Financial Services Advisors
Florida
$2.8M +$504K +18,773 +22%
Cambridge Investment Research Advisors
28
Cambridge Investment Research Advisors
Iowa
$2.66M -$78.5K -2,925 -3%
Northwestern Mutual Wealth Management
29
Northwestern Mutual Wealth Management
Wisconsin
$2.38M -$580K -21,635 -19%
CB
30
Commerce Bank
Missouri
$2.33M +$42.5K +1,585 +2%
ACP
31
Aveo Capital Partners
Colorado
$2.17M +$641K +23,898 +42%
SPC
32
Sigma Planning Corp
Michigan
$2M -$15.3K -571 -0.8%
Commonwealth Equity Services
33
Commonwealth Equity Services
Massachusetts
$1.99M -$42.8K -1,595 -2%
Baird Financial Group
34
Baird Financial Group
Wisconsin
$1.99M +$334K +12,435 +20%
FAAS
35
First Allied Advisory Services
California
$1.92M -$43.2K -1,610 -2%
CA
36
Calton & Associates
Florida
$1.81M -$4.4K -164 -0.2%
MML Investors Services
37
MML Investors Services
Massachusetts
$1.71M +$20K +747 +1%
TIM
38
Tortoise Investment Management
New York
$1.7M +$51K +1,900 +3%
AFP
39
Ausdal Financial Partners
Iowa
$1.61M +$80.2K +2,989 +5%
NC
40
NewSquare Capital
Pennsylvania
$1.56M +$630K +23,485 +67%
SFG
41
StrategIQ Financial Group
Indiana
$1.5M +$9.52K +355 +0.6%
FUBT
42
First United Bank & Trust
Maryland
$1.43M +$672K +25,040 +88%
FTUS
43
Flow Traders U.S.
New York
$1.38M +$1.39M +51,848 New
SF
44
Synovus Financial
Georgia
$1.35M -$53.7K -2,000 -4%
Renaissance Technologies
45
Renaissance Technologies
New York
$1.22M -$2.73M -101,600 -69%
PA
46
Procyon Advisors
Connecticut
$1.21M +$134K +4,997 +12%
WR
47
Watson Rebecca
$1.19M +$6.65K +248 +0.6%
BAM
48
Belpointe Asset Management
Nevada
$1.18M +$10.2K +381 +0.9%
VWM
49
Venturi Wealth Management
Texas
$1.16M -$28.4K -1,059 -2%
Truist Financial
50
Truist Financial
North Carolina
$1.14M +$172K +6,397 +18%
1
2
3 4 5

PZA Hedge Fund Activity: Q3 2020 in Review

172 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q3 2020, worth a combined $1.89B — up 15% from $1.65B a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new PZA positions and 13 closed out — a net gain of 15 holders — while 70 added to existing stakes and 36 trimmed.

The largest buyer was Mackay Shields LLC, opening a new position worth an estimated $148M. The largest seller was Renaissance Technologies, cutting an estimated $2.73M.

  • 172 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q3 2020, up from 157 in Q2 2020.
  • Funds reported $1.89B of Invesco National AMT-Free Municipal Bond ETF stock for Q3 2020, up 15% quarter-over-quarter.
  • 28 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q3 2020 and 13 closed out, a net change of +15 holders.
  • The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q3 2020 was Mackay Shields LLC, an estimated $148M added.
  • The largest Invesco National AMT-Free Municipal Bond ETF seller in Q3 2020 was Renaissance Technologies, an estimated $2.73M sold.

Based on aggregated 13F filings for Q3 2020.