Invesco National AMT-Free Municipal Bond ETF
100 hedge funds and large institutions have $797M invested in Invesco National AMT-Free Municipal Bond ETF in 2017 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 35 increasing their positions, 31 reducing their positions, and 17 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 31
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less capital invested
Capital invested by funds: $810M → $797M (-$12.7M)
3.08% less ownership
Funds ownership: 56.57% → 53.49% (-3.1%)
4% less funds holding
Funds holding: 104 → 100 (-4)
24% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$17M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$14.5M |
| 3 |
Goldman Sachs
New York
|
+$3.32M |
| 4 |
MML Investors Services
Springfield,
Massachusetts
|
+$2.47M |
| 5 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
+$2.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$42.6M |
| 2 |
Jane Street
New York
|
-$9.37M |
| 3 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$7.51M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$4.97M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$3.66M |
PZA Hedge Fund Activity: Q2 2017 in Review
100 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q2 2017, worth a combined $797M — down 1.6% from $810M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of PZA and 13 opened new positions — a net loss of 4 holders — while 31 trimmed existing stakes and 35 added.
The largest buyer was Royal Bank of Canada, adding an estimated $17M. The largest seller was Bank of America, cutting an estimated $42.6M.
- 100 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q2 2017, down from 104 in Q1 2017.
- Funds reported $797M of Invesco National AMT-Free Municipal Bond ETF stock for Q2 2017, down 1.6% quarter-over-quarter.
- 13 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q2 2017 and 17 closed out, a net change of -4 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q2 2017 was Royal Bank of Canada, an estimated $17M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q2 2017 was Bank of America, an estimated $42.6M sold.
Based on aggregated 13F filings for Q2 2017.