We are live on ! Find out more
PZA icon

Invesco National AMT-Free Municipal Bond ETF

69 hedge funds and large institutions have $200M invested in Invesco National AMT-Free Municipal Bond ETF in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 14 increasing their positions, 34 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 6

8% more funds holding

Funds holding: 6469 (+5)

7.7% less ownership

Funds ownership: 39.91%32.22% (-7.7%)

39% less capital invested

Capital invested by funds: $328M → $200M (-$128M)

59% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 34

100% less funds holding in top 10

Funds holding in top 10: 20 (-2)

Holders
69
Holders Change
+5
Holders Change %
+7.81%
% of All Funds
2.24%
Holding in Top 10
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
New
13
Increased
14
Reduced
34
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CA
51
Cetera Advisors
Colorado
$249K -$108K -4,700 -30%
LS
52
Lattice Strategies
Pennsylvania
$240K +$239K +10,391 New
JP Morgan Chase
53
JP Morgan Chase
New York
$211K -$91.6K -3,985 -30%
BCM
54
Bares Capital Management
Texas
$201K
GC
55
Guggenheim Capital
Illinois
$194K +$194K +8,426 New
NES
56
New England Securities
New York
$187K -$29K -1,262 -13%
ClearBridge Investments
57
ClearBridge Investments
New York
$147K +$42K +1,826 +40%
CAPTRUST Financial Advisors
58
CAPTRUST Financial Advisors
North Carolina
$119K -$56.9K -2,476 -32%
Deutsche Bank
59
Deutsche Bank
Germany
$116K +$55.4K +2,408 +89%
US Bancorp
60
US Bancorp
Minnesota
$104K +$88.9K +3,865 +595%
MFS
61
MSI Financial Services
Massachusetts
$90K -$81.1K -3,527 -47%
WF
62
WealthTrust Fairport
Ohio
$53K +$46K +2,000 +667%
Fifth Third Bancorp
63
Fifth Third Bancorp
Ohio
$51K
MAS
64
Madden Advisory Services
Florida
$50K -$307K -13,365 -86%
CTC
65
Central Trust Company
Missouri
$46K
Creative Planning
66
Creative Planning
Kansas
$35K -$10.7K -464 -24%
AFC
67
AFT Forsyth & Company
Florida
$18K
FAM
68
Formidable Asset Management
Ohio
$10K +$9.89K +430 New
ST
69
Smithfield Trust
Pennsylvania
$7K
Northern Trust
70
Northern Trust
Illinois
$4K +$394K +17,115 New
Nomura Holdings
71
Nomura Holdings
Japan
-$862K -36,098 Closed
HighTower Advisors
72
HighTower Advisors
Illinois
-$717K -30,000 Closed
ASN
73
Advisory Services Network
Georgia
-$325K -13,733 Closed
FNBT
74
FineMark National Bank & Trust
Florida
-$53K -2,206 Closed
FHC
75
First Heartland Consultants
Missouri
-$11K -479 Closed

PZA Hedge Fund Activity: Q3 2013 in Review

69 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q3 2013, worth a combined $200M — down 39% from $328M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new PZA positions and 6 closed out — a net gain of 7 holders — while 14 added to existing stakes and 34 trimmed.

The largest buyer was First Allied Advisory Services, adding an estimated $3.52M. The largest seller was Bank of America, cutting an estimated $55.6M.

  • 69 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q3 2013, up from 64 in Q2 2013.
  • Funds reported $200M of Invesco National AMT-Free Municipal Bond ETF stock for Q3 2013, down 39% quarter-over-quarter.
  • 13 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q3 2013 and 6 closed out, a net change of +7 holders.
  • The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q3 2013 was First Allied Advisory Services, an estimated $3.52M added.
  • The largest Invesco National AMT-Free Municipal Bond ETF seller in Q3 2013 was Bank of America, an estimated $55.6M sold.

Based on aggregated 13F filings for Q3 2013.