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Invesco National AMT-Free Municipal Bond ETF
PZA

172 hedge funds and large institutions have $1.89B invested in Invesco National AMT-Free Municipal Bond ETF in 2020 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 70 increasing their positions, 36 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

115% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 13

94% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 36

15% more capital invested

Capital invested by funds: $1.65B → $1.89B (+$243M)

10% more funds holding

Funds holding: 157 → 172 (+15)

2.08% more ownership

Funds ownership: 68.02% → 70.11% (+2.1%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

Holders
172
Holders Change
+15
Holders Change %
+9.55%
% of All Funds
3.47%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
28
Increased
70
Reduced
36
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
+$148M
2
Bank of America
Bank of America
North Carolina
+$45.8M
3
UBS Group
UBS Group
Switzerland
+$15.8M
4
RBA
Richard Bernstein Advisors
New York
+$10.4M
5
Morgan Stanley
Morgan Stanley
New York
+$6.53M

Top Sellers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
-$2.73M
2
TFA
Transamerica Financial Advisors
Florida
-$1.77M
3
Osaic Holdings
Osaic Holdings
Arizona
-$1.63M
4
TIA
Traphagen Investment Advisors
New Jersey
-$1.34M
5
TNBTD
Trustmark National Bank Trust Department
Mississippi
-$1.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
LWAC
101
Laurel Wealth Advisors (California)
California
$294K +$12.3K +460 +4%
FA
102
FDx Advisors
Illinois
$282K +$284K +10,603 New
IWM
103
IHT Wealth Management
Illinois
$272K +$274K +10,230 New
BRWM
104
B. Riley Wealth Management
Tennessee
$266K +$268K +9,989 New
Fidelity Investments
105
Fidelity Investments
Massachusetts
$261K +$90.7K +3,381 +53%
Comerica Bank
106
Comerica Bank
Texas
$260K +$265K +9,869 New
CS
107
Comerica Securities
Michigan
$259K +$26.8K +998 +11%
GT
108
Glenview Trust
Kentucky
$256K – – –
AMG
109
Asset Management Group
Connecticut
$255K +$1.45K +54 +0.6%
CWC
110
Carolinas Wealth Consulting
North Carolina
$252K +$1.37K +51 +0.5%
CF
111
Centaurus Financial
California
$251K +$54.7K +2,040 +28%
AWM
112
Apollon Wealth Management
South Carolina
$246K – – –
JWCA
113
J.W. Cole Advisors
Florida
$246K +$248K +9,245 New
TC
114
Telemus Capital
Michigan
$229K – – –
PFGIA
115
Patriot Financial Group Insurance Agency
Massachusetts
$227K +$4.43K +165 +2%
JIP
116
Jaffetilchin Investment Partners
Florida
$226K +$241 +9 +0.1%
VA
117
Valmark Advisers
Ohio
$220K -$12.5K -465 -5%
DWM
118
Dakota Wealth Management
Florida
$220K – – –
BS
119
Boenning & Scattergood
Pennsylvania
$214K -$8.59K -320 -4%
MWM
120
Meridian Wealth Management
Kentucky
$214K +$216K +8,053 New
RJT
121
Raymond James Trust
Florida
$213K +$215K +8,009 New
VSWA
122
Vontobel Swiss Wealth Advisors
Switzerland
$211K +$212K +7,913 New
IP
123
Intellectus Partners
California
$206K +$208K +7,754 New
ML
124
McAdam LLC
Pennsylvania
$201K -$17.7K -661 -8%
CFGS
125
Concourse Financial Group Securities
Alabama
$183K +$142K +5,306 +339%
3 4
5
6 7

PZA Hedge Fund Activity: Q3 2020 in Review

172 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q3 2020, worth a combined $1.89B — up 15% from $1.65B a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new PZA positions and 13 closed out — a net gain of 15 holders — while 70 added to existing stakes and 36 trimmed.

The largest buyer was Mackay Shields LLC, opening a new position worth an estimated $148M. The largest seller was Renaissance Technologies, cutting an estimated $2.73M.

  • 172 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q3 2020, up from 157 in Q2 2020.
  • Funds reported $1.89B of Invesco National AMT-Free Municipal Bond ETF stock for Q3 2020, up 15% quarter-over-quarter.
  • 28 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q3 2020 and 13 closed out, a net change of +15 holders.
  • The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q3 2020 was Mackay Shields LLC, an estimated $148M added.
  • The largest Invesco National AMT-Free Municipal Bond ETF seller in Q3 2020 was Renaissance Technologies, an estimated $2.73M sold.

Based on aggregated 13F filings for Q3 2020.