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.
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: 94 → 100 (+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: 1 → 1 (0)
8% less capital invested
Capital invested by funds: $718M → $659M (-$59.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$11.8M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$11.3M |
| 3 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
+$3.49M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.44M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$43.4M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$8.37M |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$2.17M |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$1.32M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.05M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RIG
101
Roosevelt Investment Group
New York
| – | -$250K | -9,600 | Closed |
|
|
OC
102
Oppenheimer & Co
New York
| – | -$220K | -8,440 | Closed |
|
103
SG Americas Securities
New York
| – | -$183K | -7,046 | Closed |
|
|
ACM
104
Argentus Capital Management
Dallas,
Texas
| – | -$94K | -3,606 | Closed |
|
|
WIC
105
Woodmont Investment Counsel
Nashville,
Tennessee
| – | -$10K | -400 | Closed |
|
106
BlackRock
New York
| – | -$3K | -113 | 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.