Invesco National AMT-Free Municipal Bond ETF
PZA
171 hedge funds and large institutions have $1.31B invested in Invesco National AMT-Free Municipal Bond ETF in 2023 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 62 increasing their positions, 57 reducing their positions, and 22 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
14% more capital invested
Capital invested by funds: $1.15B → $1.31B (+$163M)
2.2% more ownership
Funds ownership: 57.83% → 60.03% (+2.2%)
9% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 57
0% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 22
3% less funds holding
Funds holding: 177 → 171 (-6)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $275K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$153M |
| 2 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$12.2M |
| 3 |
Morgan Stanley
New York
|
+$8.56M |
| 4 |
PPW
Parcion Private Wealth
Bellevue,
Washington
|
+$6.98M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$6.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$35.5M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$13.8M |
| 3 |
EWA
EP Wealth Advisors
Torrance,
California
|
-$9.14M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$8.78M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$5.76M |
PZA Hedge Fund Activity: Q1 2023 in Review
171 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q1 2023, worth a combined $1.31B — up 14% from $1.15B a quarter earlier.
Fund positioning in PZA was balanced in Q1 2023: 22 funds opened new positions, 22 closed out, 62 added to existing stakes and 57 trimmed.
The largest buyer was Bank of America, adding an estimated $153M. The largest seller was Northwestern Mutual Wealth Management, cutting an estimated $35.5M.
- 171 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q1 2023, down from 177 in Q4 2022.
- Funds reported $1.31B of Invesco National AMT-Free Municipal Bond ETF stock for Q1 2023, up 14% quarter-over-quarter.
- 22 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q1 2023 and 22 closed out, a net change of 0 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q1 2023 was Bank of America, an estimated $153M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q1 2023 was Northwestern Mutual Wealth Management, an estimated $35.5M sold.
Based on aggregated 13F filings for Q1 2023.