Invesco National AMT-Free Municipal Bond ETF
133 hedge funds and large institutions have $957M invested in Invesco National AMT-Free Municipal Bond ETF in 2017 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 43 increasing their positions, 30 reducing their positions, and 7 closing their positions.
443% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 7
43% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 30
30% more funds holding
Funds holding: 102 → 133 (+31)
1.01% more ownership
Funds ownership: 57.97% → 58.98% (+1%)
4% more capital invested
Capital invested by funds: $919M → $957M (+$37.8M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$15.4M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$9.94M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.83M |
| 4 |
MPWT
MassMutual Private Wealth & Trust
Windsor,
Connecticut
|
+$2.67M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$11.1M |
| 2 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
-$6.8M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.15M |
| 4 |
CPO
Cerity Partners OCIO
New York
|
-$1.47M |
| 5 |
NC
NewSquare Capital
Newtown Square,
Pennsylvania
|
-$743K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OC
126
Oakworth Capital
Birmingham,
Alabama
| $7K | – | – | – |
|
|
SIS
127
Sound Income Strategies
Ft Lauderdale,
Florida
| $7K | +$7.21K | +281 | New |
|
|
AC
128
Avestar Capital
New York
| $7K | +$7.49K | +292 | New |
|
|
BWM
129
Baystate Wealth Management
Boston,
Massachusetts
| $6K | +$6.31K | +246 | New |
|
|
FANJ
130
Financial Architects (New Jersey)
Marlton,
New Jersey
| $3K | +$2.79K | +109 | New |
|
|
LWA
131
Lowe Wealth Advisors
Columbia,
Maryland
| $1K | – | – | – |
|
|
PCM
132
Prelude Capital Management
New York
| $1K | +$744 | +29 | New |
|
|
133
Jane Street
New York
| – | -$11.1M | -436,391 | Closed |
|
|
OMC
134
Old Mission Capital
Chicago,
Illinois
| – | -$577K | -22,593 | Closed |
|
|
ICOA
135
Investment Centers of America
Bismarck,
North Dakota
| – | -$337K | -13,147 | Closed |
|
|
SI
136
SII Investments
Appleton,
Wisconsin
| – | -$275K | -10,819 | Closed |
|
|
BF
137
BOK Financial
Tulsa,
Oklahoma
| – | -$79K | -3,084 | Closed |
|
138
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$5K | -190 | Closed |
|
139
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$3K | -135 | Closed |
|
PZA Hedge Fund Activity: Q4 2017 in Review
133 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q4 2017, worth a combined $957M — up 4.1% from $919M a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new PZA positions and 7 closed out — a net gain of 31 holders — while 43 added to existing stakes and 30 trimmed.
The largest buyer was UBS Group, adding an estimated $15.4M. The largest seller was Jane Street, exiting entirely with an estimated $11.1M sold.
- 133 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q4 2017, up from 102 in Q3 2017.
- Funds reported $957M of Invesco National AMT-Free Municipal Bond ETF stock for Q4 2017, up 4.1% quarter-over-quarter.
- 38 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q4 2017 and 7 closed out, a net change of +31 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q4 2017 was UBS Group, an estimated $15.4M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q4 2017 was Jane Street, an estimated $11.1M sold.
Based on aggregated 13F filings for Q4 2017.