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Invesco National AMT-Free Municipal Bond ETF

100 hedge funds and large institutions have $659M invested in Invesco National AMT-Free Municipal Bond ETF in 2016 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 38 increasing their positions, 30 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 8

27% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 30

6% more funds holding

Funds holding: 94100 (+6)

1.46% more ownership

Funds ownership: 51.15%52.61% (+1.5%)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

8% less capital invested

Capital invested by funds: $718M → $659M (-$59.3M)

Holders
100
Holders Change
+6
Holders Change %
+6.38%
% of All Funds
2.5%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
16
Increased
38
Reduced
30
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
US Bancorp
76
US Bancorp
Minnesota
$144K +$50K +1,981 +52%
PNC Financial Services Group
77
PNC Financial Services Group
Pennsylvania
$129K -$23.3K -924 -15%
BAM
78
Barrett Asset Management
New York
$124K
PFGIA
79
Patriot Financial Group Insurance Agency
Massachusetts
$89K +$89.3K +3,541 New
FNBT
80
FineMark National Bank & Trust
Florida
$72K +$42.9K +1,700 +142%
Citigroup
81
Citigroup
New York
$70K -$40.4K -1,600 -36%
PFBT
82
Parkside Financial Bank & Trust
Missouri
$60K
CAPTRUST Financial Advisors
83
CAPTRUST Financial Advisors
North Carolina
$57K +$22.4K +888 +63%
Creative Planning
84
Creative Planning
Kansas
$38K
OC
85
Oakworth Capital
Alabama
$34K +$5.04K +200 +17%
CB
86
Community Bank
New York
$31K
ClearBridge Investments
87
ClearBridge Investments
New York
$22K
BTIS
88
BB&T Investment Services
North Carolina
$22K +$22.4K +889 New
PAI
89
Pittenger & Anderson Inc
Nebraska
$15K -$152K -6,020 -91%
Fifth Third Bancorp
90
Fifth Third Bancorp
Ohio
$12K -$8.25K -327 -41%
FMII
91
Farmers & Merchants Investments Inc
Nebraska
$9K
AF
92
Allworth Financial
California
$9K +$9.51K +377 New
WT
93
Whittier Trust
California
$7K +$7.57K +300 New
NFG
94
Next Financial Group
Texas
$6K -$237K -9,400 -98%
RBA
95
Richard Bernstein Advisors
New York
$5K +$3.96K +157 +424%
JFA
96
JNBA Financial Advisors
Minnesota
$5K +$5.04K +200 New
AIP
97
Ameritas Investment Partners
Nebraska
$3K -$7.82K -310 -67%
LWA
98
Lowe Wealth Advisors
Maryland
$1K
FA
99
FDx Advisors
Illinois
-$490K -18,817 Closed
CWM
100
Concert Wealth Management
California
-$376K -14,377 Closed

PZA Hedge Fund Activity: Q4 2016 in Review

100 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q4 2016, worth a combined $659M — down 8.3% from $718M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new PZA positions and 8 closed out — a net gain of 8 holders — while 38 added to existing stakes and 30 trimmed.

The largest buyer was LPL Financial, adding an estimated $11.8M. The largest seller was Bank of America, cutting an estimated $43.4M.

  • 100 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q4 2016, up from 94 in Q3 2016.
  • Funds reported $659M of Invesco National AMT-Free Municipal Bond ETF stock for Q4 2016, down 8.3% quarter-over-quarter.
  • 16 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q4 2016 and 8 closed out, a net change of +8 holders.
  • The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q4 2016 was LPL Financial, an estimated $11.8M added.
  • The largest Invesco National AMT-Free Municipal Bond ETF seller in Q4 2016 was Bank of America, an estimated $43.4M sold.

Based on aggregated 13F filings for Q4 2016.