Invesco National AMT-Free Municipal Bond ETF
140 hedge funds and large institutions have $1.07B invested in Invesco National AMT-Free Municipal Bond ETF in 2019 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 49 increasing their positions, 40 reducing their positions, and 17 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 2 → 6 (+4)
24% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 17
23% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 40
16% more capital invested
Capital invested by funds: $924M → $1.07B (+$150M)
4.14% more ownership
Funds ownership: 60.66% → 64.8% (+4.1%)
2% more funds holding
Funds holding: 137 → 140 (+3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
PFS Investments
Duluth,
Georgia
|
+$48.3M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$27.8M |
| 3 |
IWS
Insight Wealth Strategies
San Ramon,
California
|
+$18.7M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$15.4M |
| 5 |
PWG
Private Wealth Group
Tampa,
Florida
|
+$9.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$18.6M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$8.82M |
| 3 |
AssetMark Inc
Concord,
California
|
-$3.43M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$3.33M |
| 5 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$2.11M |
PZA Hedge Fund Activity: Q1 2019 in Review
140 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q1 2019, worth a combined $1.07B — up 16% from $924M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new PZA positions and 17 closed out — a net gain of 4 holders — while 49 added to existing stakes and 40 trimmed.
The largest buyer was PFS Investments, adding an estimated $48.3M. The largest seller was Jane Street, exiting entirely with an estimated $18.6M sold.
- 140 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q1 2019, up from 137 in Q4 2018.
- Funds reported $1.07B of Invesco National AMT-Free Municipal Bond ETF stock for Q1 2019, up 16% quarter-over-quarter.
- 21 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q1 2019 and 17 closed out, a net change of +4 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q1 2019 was PFS Investments, an estimated $48.3M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q1 2019 was Jane Street, an estimated $18.6M sold.
Based on aggregated 13F filings for Q1 2019.