Invesco National AMT-Free Municipal Bond ETF
188 hedge funds and large institutions have $1.4B invested in Invesco National AMT-Free Municipal Bond ETF in 2023 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 56 increasing their positions, 64 reducing their positions, and 21 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
48% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 21
4% more funds holding
Funds holding: 180 → 188 (+8)
1.76% more ownership
Funds ownership: 62.59% → 64.36% (+1.8%)
2% less capital invested
Capital invested by funds: $1.44B → $1.4B (-$32.2M)
13% less repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 64
95% less call options, than puts
Call options by funds: $33K | Put options by funds: $671K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$38.8M |
| 2 |
Jane Street
New York
|
+$31.1M |
| 3 |
Bank of New York Mellon
New York
|
+$10.6M |
| 4 |
Comerica Bank
Dallas,
Texas
|
+$9.42M |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$8.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
-$36.1M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
-$8.55M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$4.62M |
| 4 |
AFS
Axiom Financial Strategies
New Albany,
Indiana
|
-$4.61M |
| 5 |
Renaissance Technologies
New York
|
-$4.14M |
PZA Hedge Fund Activity: Q3 2023 in Review
188 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q3 2023, worth a combined $1.4B — down 2.2% from $1.44B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new PZA positions and 21 closed out — a net gain of 10 holders — while 56 added to existing stakes and 64 trimmed.
The largest buyer was Bank of America, adding an estimated $38.8M. The largest seller was Integrated Wealth Concepts, cutting an estimated $36.1M.
- 188 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q3 2023, up from 180 in Q2 2023.
- Funds reported $1.4B of Invesco National AMT-Free Municipal Bond ETF stock for Q3 2023, down 2.2% quarter-over-quarter.
- 31 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q3 2023 and 21 closed out, a net change of +10 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q3 2023 was Bank of America, an estimated $38.8M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q3 2023 was Integrated Wealth Concepts, an estimated $36.1M sold.
Based on aggregated 13F filings for Q3 2023.