Invesco National AMT-Free Municipal Bond ETF
80 hedge funds and large institutions have $373M invested in Invesco National AMT-Free Municipal Bond ETF in 2015 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 32 increasing their positions, 27 reducing their positions, and 8 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 27
0.81% more ownership
Funds ownership: 42.23% → 43.04% (+0.81%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less funds holding
Funds holding: 83 → 80 (-3)
11% less capital invested
Capital invested by funds: $419M → $373M (-$46.3M)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$20.1M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$8.04M |
| 3 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
+$1.82M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.42M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
-$7.55M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$5.78M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$3.56M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$2.82M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.23M |
PZA Hedge Fund Activity: Q2 2015 in Review
80 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q2 2015, worth a combined $373M — down 11% from $419M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of PZA and 6 opened new positions — a net loss of 2 holders — while 27 trimmed existing stakes and 32 added.
The largest buyer was Managed Account Advisors, adding an estimated $20.1M. The largest seller was Ashford Capital Management, cutting an estimated $7.55M.
- 80 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q2 2015, down from 83 in Q1 2015.
- Funds reported $373M of Invesco National AMT-Free Municipal Bond ETF stock for Q2 2015, down 11% quarter-over-quarter.
- 6 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q2 2015 and 8 closed out, a net change of -2 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q2 2015 was Managed Account Advisors, an estimated $20.1M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q2 2015 was Ashford Capital Management, an estimated $7.55M sold.
Based on aggregated 13F filings for Q2 2015.