Invesco National AMT-Free Municipal Bond ETF
137 hedge funds and large institutions have $924M invested in Invesco National AMT-Free Municipal Bond ETF in 2018 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 41 increasing their positions, 43 reducing their positions, and 20 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
20% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 20
2% more funds holding
Funds holding: 134 → 137 (+3)
0.29% less ownership
Funds ownership: 60.95% → 60.66% (-0.29%)
5% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 43
7% less capital invested
Capital invested by funds: $993M → $924M (-$69.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$17.1M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.94M |
| 3 |
AG
Advisor Group
Phoenix,
Arizona
|
+$2.21M |
| 4 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
+$2.09M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$1.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$70.7M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$16.3M |
| 3 |
Bank of New York Mellon
New York
|
-$9.55M |
| 4 |
UBS AM
Chicago,
Illinois
|
-$4.04M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.81M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
S
151
SignatureFD
Atlanta,
Georgia
| – | -$17K | -681 | Closed |
|
152
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$15K | -600 | Closed |
|
|
RCAG
153
Rehmann Capital Advisory Group
Lansing,
Michigan
| – | -$10.5K | -423 | Closed |
|
|
GP
154
Girard Partners
King Of Prussia,
Pennsylvania
| – | -$10K | -408 | Closed |
|
|
CAG
155
Csenge Advisory Group
Clearwater,
Florida
| – | -$4K | -163 | Closed |
|
156
Fidelity Investments
Boston,
Massachusetts
| – | +$25 | +1 | +100% |
|
PZA Hedge Fund Activity: Q4 2018 in Review
137 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q4 2018, worth a combined $924M — down 7% from $993M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new PZA positions and 20 closed out — a net gain of 4 holders — while 41 added to existing stakes and 43 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $17.1M. The largest seller was Bank of America, cutting an estimated $70.7M.
- 137 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q4 2018, up from 134 in Q3 2018.
- Funds reported $924M of Invesco National AMT-Free Municipal Bond ETF stock for Q4 2018, down 7% quarter-over-quarter.
- 24 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q4 2018 and 20 closed out, a net change of +4 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q4 2018 was Envestnet Asset Management, an estimated $17.1M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q4 2018 was Bank of America, an estimated $70.7M sold.
Based on aggregated 13F filings for Q4 2018.