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Invesco National AMT-Free Municipal Bond ETF

71 hedge funds and large institutions have $245M invested in Invesco National AMT-Free Municipal Bond ETF in 2014 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 32 increasing their positions, 22 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 5

45% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 22

21% more capital invested

Capital invested by funds: $203M → $245M (+$42.2M)

8% more funds holding

Funds holding: 6671 (+5)

3.27% more ownership

Funds ownership: 32.68%35.96% (+3.3%)

Holders
71
Holders Change
+5
Holders Change %
+7.58%
% of All Funds
2.04%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
10
Increased
32
Reduced
22
Closed
5
Calls
$123K
Puts
Net Calls
+$123K
Net Calls Change
+$123K
Name Holding Trade Value Shares
Change
Change in
Stake
PI
51
Placemark Investments
Illinois
$254K +$23.7K +969 +10%
PMG
52
ProVise Management Group
Florida
$247K +$245K +10,000 New
CPO
53
Cerity Partners OCIO
New York
$242K -$6.09K -249 -2%
CA
54
Cetera Advisors
Colorado
$220K
KFS
55
KMS Financial Services
Washington
$209K +$208K +8,492 New
CNB
56
City National Bank
California
$208K +$206K +8,443 New
BA
57
Boston Advisors
Massachusetts
$203K +$201K +8,235 New
MFBTD
58
MB Financial Bank - Trust Department
Illinois
$201K +$199K +8,150 New
CTB
59
Country Trust Bank
Illinois
$197K +$195K +7,986 New
NES
60
New England Securities
New York
$172K +$34.3K +1,401 +25%
CAPTRUST Financial Advisors
61
CAPTRUST Financial Advisors
North Carolina
$137K -$36.2K -1,479 -21%
ClearBridge Investments
62
ClearBridge Investments
New York
$129K -$29.5K -1,205 -19%
Deutsche Bank
63
Deutsche Bank
Germany
$55K
MAS
64
Madden Advisory Services
Florida
$44K
US Bancorp
65
US Bancorp
Minnesota
$37K -$15.9K -650 -30%
Creative Planning
66
Creative Planning
Kansas
$37K
PNC Financial Services Group
67
PNC Financial Services Group
Pennsylvania
$31K +$26.8K +1,097 +630%
Fifth Third Bancorp
68
Fifth Third Bancorp
Ohio
$20K -$15.1K -618 -44%
FAM
69
Formidable Asset Management
Ohio
$19K
Northern Trust
70
Northern Trust
Illinois
$12K +$92.8K +3,796 +9%
JFA
71
JNBA Financial Advisors
Minnesota
$5K +$4.89K +200 New
BIT
72
BlackRock Institutional Trust
California
$2K +$2.32K +95 New
FBFS
73
First Business Financial Services
Wisconsin
-$447K -18,517 Closed
YP
74
Yellowstone Partners
Idaho
-$338K -14,005 Closed
BCM
75
Bares Capital Management
Texas
-$209K -8,668 Closed

PZA Hedge Fund Activity: Q2 2014 in Review

71 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q2 2014, worth a combined $245M — up 21% from $203M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new PZA positions and 5 closed out — a net gain of 5 holders — while 32 added to existing stakes and 22 trimmed.

The largest buyer was Bank of America, adding an estimated $18.6M. The largest seller was Ashford Capital Management, cutting an estimated $2.87M.

  • 71 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q2 2014, up from 66 in Q1 2014.
  • Funds reported $245M of Invesco National AMT-Free Municipal Bond ETF stock for Q2 2014, up 21% quarter-over-quarter.
  • 10 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q2 2014 and 5 closed out, a net change of +5 holders.
  • The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q2 2014 was Bank of America, an estimated $18.6M added.
  • The largest Invesco National AMT-Free Municipal Bond ETF seller in Q2 2014 was Ashford Capital Management, an estimated $2.87M sold.

Based on aggregated 13F filings for Q2 2014.