Invesco National AMT-Free Municipal Bond ETF
187 hedge funds and large institutions have $1.3B invested in Invesco National AMT-Free Municipal Bond ETF in 2021 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 82 increasing their positions, 45 reducing their positions, and 18 closing their positions.
82% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 45
22% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 18
10% more capital invested
Capital invested by funds: $1.17B → $1.3B (+$123M)
2% more funds holding
Funds holding: 184 → 187 (+3)
1.56% more ownership
Funds ownership: 52.36% → 53.92% (+1.6%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$43M |
| 2 |
Jane Street
New York
|
+$18.5M |
| 3 |
Morgan Stanley
New York
|
+$6.18M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$6.16M |
| 5 |
Renaissance Technologies
New York
|
+$4.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$8.69M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$2.17M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$2.14M |
| 4 |
Goldman Sachs
New York
|
-$1.15M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$939K |
PZA Hedge Fund Activity: Q2 2021 in Review
187 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q2 2021, worth a combined $1.3B — up 10% from $1.17B a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new PZA positions and 18 closed out — a net gain of 4 holders — while 82 added to existing stakes and 45 trimmed.
The largest buyer was Bank of America, adding an estimated $43M. The largest seller was Robinson Capital Management, cutting an estimated $8.69M.
- 187 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q2 2021, up from 184 in Q1 2021.
- Funds reported $1.3B of Invesco National AMT-Free Municipal Bond ETF stock for Q2 2021, up 10% quarter-over-quarter.
- 22 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q2 2021 and 18 closed out, a net change of +4 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q2 2021 was Bank of America, an estimated $43M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q2 2021 was Robinson Capital Management, an estimated $8.69M sold.
Based on aggregated 13F filings for Q2 2021.