Invesco National AMT-Free Municipal Bond ETF
104 hedge funds and large institutions have $810M invested in Invesco National AMT-Free Municipal Bond ETF in 2017 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 41 increasing their positions, 28 reducing their positions, and 9 closing their positions.
56% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 9
46% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 28
23% more capital invested
Capital invested by funds: $659M → $810M (+$151M)
4% more funds holding
Funds holding: 100 → 104 (+4)
3.96% more ownership
Funds ownership: 52.61% → 56.57% (+4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$61.8M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$37.7M |
| 3 |
UBS AM
Chicago,
Illinois
|
+$26.4M |
| 4 |
Jane Street
New York
|
+$7.82M |
| 5 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
+$7.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$10.2M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.26M |
| 3 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
-$1.76M |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$1.03M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$660K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RBA
101
Richard Bernstein Advisors
New York
| $5K | – | – | – |
|
|
AIP
102
Ameritas Investment Partners
Lincoln,
Nebraska
| $3K | – | – | – |
|
|
LWA
103
Lowe Wealth Advisors
Columbia,
Maryland
| $1K | – | – | – |
|
|
ACM
104
Ashford Capital Management
Wilmington,
Delaware
| – | -$1.76M | -70,926 | Closed |
|
|
SC
105
Scotia Capital
Toronto,
Ontario, Canada
| – | -$436K | -17,505 | Closed |
|
|
FNBT
106
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$72K | -2,900 | Closed |
|
107
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$57K | -2,301 | Closed |
|
|
PAI
108
Pittenger & Anderson Inc
Lincoin,
Nebraska
| – | -$15K | -600 | Closed |
|
|
AF
109
Allworth Financial
Folsom,
California
| – | -$9K | -377 | Closed |
|
|
WT
110
Whittier Trust
South Pasadena,
California
| – | -$7K | -300 | Closed |
|
|
NFG
111
Next Financial Group
Houston,
Texas
| – | -$6K | -239 | Closed |
|
PZA Hedge Fund Activity: Q1 2017 in Review
104 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q1 2017, worth a combined $810M — up 23% from $659M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new PZA positions and 9 closed out — a net gain of 5 holders — while 41 added to existing stakes and 28 trimmed.
The largest buyer was Bank of America, adding an estimated $61.8M. The largest seller was Susquehanna International Group, cutting an estimated $10.2M.
- 104 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q1 2017, up from 100 in Q4 2016.
- Funds reported $810M of Invesco National AMT-Free Municipal Bond ETF stock for Q1 2017, up 23% quarter-over-quarter.
- 14 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q1 2017 and 9 closed out, a net change of +5 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q1 2017 was Bank of America, an estimated $61.8M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q1 2017 was Susquehanna International Group, an estimated $10.2M sold.
Based on aggregated 13F filings for Q1 2017.