Invesco National AMT-Free Municipal Bond ETF
177 hedge funds and large institutions have $1.14B invested in Invesco National AMT-Free Municipal Bond ETF in 2020 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 70 increasing their positions, 35 reducing their positions, and 21 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 35
33% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 21
3% more funds holding
Funds holding: 172 → 177 (+5)
18.33% less ownership
Funds ownership: 70.11% → 51.77% (-18%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
40% less capital invested
Capital invested by funds: $1.89B → $1.14B (-$753M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$6.61M |
| 2 |
AHC
Anderson Hoagland & Co
St Louis,
Missouri
|
+$2.43M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$1.93M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$1.68M |
| 5 |
SWRP
Summit Wealth & Retirement Planning
San Ramon,
California
|
+$1.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$235M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$225M |
| 3 |
RBA
Richard Bernstein Advisors
New York
|
-$196M |
| 4 |
MSL
Mackay Shields LLC
New York
|
-$146M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$11.8M |
PZA Hedge Fund Activity: Q4 2020 in Review
177 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q4 2020, worth a combined $1.14B — down 40% from $1.89B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new PZA positions and 21 closed out — a net gain of 7 holders — while 70 added to existing stakes and 35 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $6.61M. The largest seller was UBS Group, cutting an estimated $235M.
- 177 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q4 2020, up from 172 in Q3 2020.
- Funds reported $1.14B of Invesco National AMT-Free Municipal Bond ETF stock for Q4 2020, down 40% quarter-over-quarter.
- 28 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q4 2020 and 21 closed out, a net change of +7 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q4 2020 was Morgan Stanley, an estimated $6.61M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q4 2020 was UBS Group, an estimated $235M sold.
Based on aggregated 13F filings for Q4 2020.