Invesco National AMT-Free Municipal Bond ETF
197 hedge funds and large institutions have $1.25B invested in Invesco National AMT-Free Municipal Bond ETF in 2022 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 65 increasing their positions, 67 reducing their positions, and 38 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
1.43% more ownership
Funds ownership: 54.43% → 55.86% (+1.4%)
3% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 67
7% less funds holding
Funds holding: 211 → 197 (-14)
11% less capital invested
Capital invested by funds: $1.4B → $1.25B (-$155M)
29% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 38
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$17.3M |
| 2 |
CS
Comerica Securities
Detroit,
Michigan
|
+$7.83M |
| 3 |
1WM
1900 Wealth Management
San Antonio,
Texas
|
+$6.3M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$5.89M |
| 5 |
Jane Street
New York
|
+$5.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$95.4M |
| 2 |
FTS
Fifth Third Securities
Cincinnati,
Ohio
|
-$4.11M |
| 3 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
-$3.63M |
| 4 |
Morgan Stanley
New York
|
-$3.48M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.62M |
PZA Hedge Fund Activity: Q1 2022 in Review
197 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q1 2022, worth a combined $1.25B — down 11% from $1.4B a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of PZA and 27 opened new positions — a net loss of 11 holders — while 67 trimmed existing stakes and 65 added.
The largest buyer was Envestnet Asset Management, adding an estimated $17.3M. The largest seller was Bank of America, cutting an estimated $95.4M.
- 197 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q1 2022, down from 211 in Q4 2021.
- Funds reported $1.25B of Invesco National AMT-Free Municipal Bond ETF stock for Q1 2022, down 11% quarter-over-quarter.
- 27 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q1 2022 and 38 closed out, a net change of -11 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q1 2022 was Envestnet Asset Management, an estimated $17.3M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q1 2022 was Bank of America, an estimated $95.4M sold.
Based on aggregated 13F filings for Q1 2022.