Invesco National AMT-Free Municipal Bond ETF
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$148M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$45.8M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$15.8M |
| 4 |
RBA
Richard Bernstein Advisors
New York
|
+$10.4M |
| 5 |
Morgan Stanley
New York
|
+$6.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$2.73M |
| 2 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
-$1.77M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.63M |
| 4 |
TIA
Traphagen Investment Advisors
Oradell,
New Jersey
|
-$1.34M |
| 5 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
-$1.16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
COF
176
Capital One Financial
Mclean,
Virginia
| – | -$310K | -11,657 | Closed |
|
177
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$303K | -11,400 | Closed |
|
|
CA
178
Continuum Advisory
Eagle,
Idaho
| – | -$239K | -9,008 | Closed |
|
|
CFG
179
Citizens Financial Group
Providence,
Rhode Island
| – | -$165K | -6,228 | Closed |
|
|
RCA
180
Reitz Capital Advisors
Freeland,
Michigan
| – | -$36K | -1,350 | Closed |
|
|
VFA
181
Valeo Financial Advisors
Carmel,
Indiana
| – | -$23K | -860 | Closed |
|
|
SWM
182
Selective Wealth Management
Forest,
Virginia
| – | -$18K | -696 | Closed |
|
|
CAAS
183
Capital Asset Advisory Services
Williamston,
Michigan
| – | -$16K | -583 | Closed |
|
|
OPS
184
Orion Portfolio Solutions
Omaha,
Nebraska
| – | -$13K | -495 | Closed |
|
|
FMII
185
Farmers & Merchants Investments Inc
Lincoln,
Nebraska
| – | -$10K | -365 | Closed |
|
|
SFG
186
Sowa Financial Group
Lincoln,
Rhode Island
| – | -$5K | -202 | Closed |
|
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.