Invesco National AMT-Free Municipal Bond ETF
89 hedge funds and large institutions have $690M invested in Invesco National AMT-Free Municipal Bond ETF in 2016 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 39 increasing their positions, 19 reducing their positions, and 10 closing their positions.
105% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 19
14% more capital invested
Capital invested by funds: $606M → $690M (+$83.6M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 10
1% less funds holding
Funds holding: 90 → 89 (-1)
1.43% less ownership
Funds ownership: 51.57% → 50.14% (-1.4%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $583K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$40.1M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$7.07M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$6.89M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$4.34M |
| 5 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
+$4.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$6.27M |
| 2 |
Morgan Stanley
New York
|
-$2.75M |
| 3 |
AIG
American International Group
New York
|
-$1.44M |
| 4 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
-$792K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$789K |
PZA Hedge Fund Activity: Q2 2016 in Review
89 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q2 2016, worth a combined $690M — up 14% from $606M a quarter earlier.
Fund positioning in PZA was balanced in Q2 2016: 10 funds opened new positions, 10 closed out, 39 added to existing stakes and 19 trimmed.
The largest buyer was Bank of America, adding an estimated $40.1M. The largest seller was LPL Financial, cutting an estimated $6.27M.
- 89 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q2 2016, down from 90 in Q1 2016.
- Funds reported $690M of Invesco National AMT-Free Municipal Bond ETF stock for Q2 2016, up 14% quarter-over-quarter.
- 10 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q2 2016 and 10 closed out, a net change of 0 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q2 2016 was Bank of America, an estimated $40.1M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q2 2016 was LPL Financial, an estimated $6.27M sold.
Based on aggregated 13F filings for Q2 2016.