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Invesco National AMT-Free Municipal Bond ETF

66 hedge funds and large institutions have $203M invested in Invesco National AMT-Free Municipal Bond ETF in 2014 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 30 increasing their positions, 20 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 20

33% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 6

15% more capital invested

Capital invested by funds: $176M → $203M (+$26.7M)

3% more funds holding

Funds holding: 6466 (+2)

2.77% more ownership

Funds ownership: 29.91%32.68% (+2.8%)

Holders
66
Holders Change
+2
Holders Change %
+3.13%
% of All Funds
1.91%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
8
Increased
30
Reduced
20
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PI
51
Placemark Investments
Illinois
$224K -$494K -20,808 -69%
CA
52
Cetera Advisors
Colorado
$215K
BCM
53
Bares Capital Management
Texas
$209K +$206K +8,668 New
CAPTRUST Financial Advisors
54
CAPTRUST Financial Advisors
North Carolina
$168K +$37.4K +1,577 +29%
ClearBridge Investments
55
ClearBridge Investments
New York
$155K +$2.8K +118 +2%
NES
56
New England Securities
New York
$134K -$2.85K -120 -2%
FIG
57
Fusion Investment Group
Pennsylvania
$91K -$749K -31,563 -89%
Deutsche Bank
58
Deutsche Bank
Germany
$54K
US Bancorp
59
US Bancorp
Minnesota
$52K +$35.3K +1,487 +229%
MAS
60
Madden Advisory Services
Florida
$43K
Creative Planning
61
Creative Planning
Kansas
$36K
Fifth Third Bancorp
62
Fifth Third Bancorp
Ohio
$34K +$14.7K +618 +77%
BIM
63
BlackRock Investment Management
Delaware
$24K +$23.7K +1,000 New
FAM
64
Formidable Asset Management
Ohio
$19K
Northern Trust
65
Northern Trust
Illinois
$11K +$682K +28,752 +194%
WA
66
WFG Advisors
Texas
$4K +$24 +1 +0.6%
PNC Financial Services Group
67
PNC Financial Services Group
Pennsylvania
$4K +$4.13K +174 New
RCM
68
Rotella Capital Management
Washington
-$778K -33,900 Closed
VKH
69
Virtu KCG Holdings
New York
-$476K -20,740 Closed
BIT
70
BlackRock Institutional Trust
California
-$67K -2,900 Closed
ASN
71
Advisory Services Network
Georgia
-$51K -2,200 Closed
TRCT
72
Tower Research Capital (TRC)
New York
-$34K -1,500 Closed
ST
73
Smithfield Trust
Pennsylvania
-$7K -305 Closed

PZA Hedge Fund Activity: Q1 2014 in Review

66 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q1 2014, worth a combined $203M — up 15% from $176M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new PZA positions and 6 closed out — a net gain of 2 holders — while 30 added to existing stakes and 20 trimmed.

The largest buyer was Ashford Capital Management, adding an estimated $6.39M. The largest seller was Invesco, cutting an estimated $1.34M.

  • 66 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q1 2014, up from 64 in Q4 2013.
  • Funds reported $203M of Invesco National AMT-Free Municipal Bond ETF stock for Q1 2014, up 15% quarter-over-quarter.
  • 8 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q1 2014 and 6 closed out, a net change of +2 holders.
  • The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q1 2014 was Ashford Capital Management, an estimated $6.39M added.
  • The largest Invesco National AMT-Free Municipal Bond ETF seller in Q1 2014 was Invesco, an estimated $1.34M sold.

Based on aggregated 13F filings for Q1 2014.