Invesco National AMT-Free Municipal Bond ETF
199 hedge funds and large institutions have $1.84B invested in Invesco National AMT-Free Municipal Bond ETF in 2024 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 87 increasing their positions, 52 reducing their positions, and 27 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 52
4% more capital invested
Capital invested by funds: $1.77B → $1.84B (+$71.4M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 27
1.27% less ownership
Funds ownership: 67.76% → 66.49% (-1.3%)
2% less funds holding
Funds holding: 203 → 199 (-4)
85% less call options, than puts
Call options by funds: $83K | Put options by funds: $548K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
+$52.7M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$30.7M |
| 3 |
Jane Street
New York
|
+$11.9M |
| 4 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$11.9M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$10.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$46.3M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$11.4M |
| 3 |
GAG
Goodman Advisory Group
Needham,
Massachusetts
|
-$5.42M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$5.41M |
| 5 |
IAN
Integrated Advisors Network
Dallas,
Texas
|
-$4.9M |
PZA Hedge Fund Activity: Q1 2024 in Review
199 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q1 2024, worth a combined $1.84B — up 4% from $1.77B a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of PZA and 26 opened new positions — a net loss of 1 holder — while 52 trimmed existing stakes and 87 added.
The largest buyer was CLA (CliftonLarsonAllen) Wealth Advisors, opening a new position worth an estimated $52.7M. The largest seller was Morgan Stanley, cutting an estimated $46.3M.
- 199 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q1 2024, down from 203 in Q4 2023.
- Funds reported $1.84B of Invesco National AMT-Free Municipal Bond ETF stock for Q1 2024, up 4% quarter-over-quarter.
- 26 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q1 2024 and 27 closed out, a net change of -1 holder.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q1 2024 was CLA (CliftonLarsonAllen) Wealth Advisors, an estimated $52.7M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q1 2024 was Morgan Stanley, an estimated $46.3M sold.
Based on aggregated 13F filings for Q1 2024.