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Invesco National AMT-Free Municipal Bond ETF

94 hedge funds and large institutions have $718M invested in Invesco National AMT-Free Municipal Bond ETF in 2016 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 32 increasing their positions, 27 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

70% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 10

19% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 27

6% more funds holding

Funds holding: 8994 (+5)

1% more ownership

Funds ownership: 50.14%51.15% (+1%)

4% more capital invested

Capital invested by funds: $690M → $718M (+$28.1M)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $430K

Holders
94
Holders Change
+5
Holders Change %
+5.62%
% of All Funds
2.51%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
17
Increased
32
Reduced
27
Closed
10
Calls
Puts
$430K
Net Calls
-$430K
Net Calls Change
+$153K
Name Holding Trade Value Shares
Change
Change in
Stake
US Bancorp
76
US Bancorp
Minnesota
$99K
ACM
77
Argentus Capital Management
Texas
$94K
ASN
78
Advisory Services Network
Georgia
$81K +$81.4K +3,101 New
PFBT
79
Parkside Financial Bank & Trust
Missouri
$62K
Creative Planning
80
Creative Planning
Kansas
$39K -$68.8K -2,620 -63%
CAPTRUST Financial Advisors
81
CAPTRUST Financial Advisors
North Carolina
$37K +$37.1K +1,413 New
CB
82
Community Bank
New York
$33K
FNBT
83
FineMark National Bank & Trust
Florida
$31K
OC
84
Oakworth Capital
Alabama
$30K +$7.22K +275 +31%
ClearBridge Investments
85
ClearBridge Investments
New York
$23K -$61.7K -2,349 -73%
Fifth Third Bancorp
86
Fifth Third Bancorp
Ohio
$21K
AIP
87
Ameritas Investment Partners
Nebraska
$11K
FMII
88
Farmers & Merchants Investments Inc
Nebraska
$10K
WIC
89
Woodmont Investment Counsel
Tennessee
$10K +$10.5K +400 New
WP
90
WealthPLAN Partners
Nebraska
$7.19K
BlackRock
91
BlackRock
New York
$3K
LWA
92
Lowe Wealth Advisors
Maryland
$1K
RBA
93
Richard Bernstein Advisors
New York
$1K +$972 +37 New
BCM
94
Brookstone Capital Management
Illinois
-$4.28M -161,355 Closed
YP
95
Yellowstone Partners
Idaho
-$867K -32,659 Closed
PAG
96
Pinnacle Advisory Group
Maryland
-$628K -23,663 Closed
HFS
97
HL Financial Services
Kentucky
-$212K -7,978 Closed
GC
98
Guggenheim Capital
Illinois
-$193K -7,263 Closed
SCM
99
Southport Capital Management
Tennessee
-$27K -1,010 Closed
CG
100
Cutler Group
California
-$10K -400 Closed

PZA Hedge Fund Activity: Q3 2016 in Review

94 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q3 2016, worth a combined $718M — up 4.1% from $690M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new PZA positions and 10 closed out — a net gain of 7 holders — while 32 added to existing stakes and 27 trimmed.

The largest buyer was Bank of America, adding an estimated $53.9M. The largest seller was Wells Fargo, cutting an estimated $28.7M.

  • 94 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q3 2016, up from 89 in Q2 2016.
  • Funds reported $718M of Invesco National AMT-Free Municipal Bond ETF stock for Q3 2016, up 4.1% quarter-over-quarter.
  • 17 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q3 2016 and 10 closed out, a net change of +7 holders.
  • The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q3 2016 was Bank of America, an estimated $53.9M added.
  • The largest Invesco National AMT-Free Municipal Bond ETF seller in Q3 2016 was Wells Fargo, an estimated $28.7M sold.

Based on aggregated 13F filings for Q3 2016.