Invesco National AMT-Free Municipal Bond ETF
181 hedge funds and large institutions have $1B invested in Invesco National AMT-Free Municipal Bond ETF in 2022 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 60 increasing their positions, 65 reducing their positions, and 33 closing their positions.
0.5% more ownership
Funds ownership: 53.93% → 54.43% (+0.5%)
5% less capital invested
Capital invested by funds: $1.05B → $1B (-$49.9M)
8% less repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 65
8% less funds holding
Funds holding: 196 → 181 (-15)
36% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 33
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $397K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$30.4M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$6.18M |
| 3 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$5.05M |
| 4 |
Jane Street
New York
|
+$4.49M |
| 5 |
AF
Allworth Financial
Folsom,
California
|
+$3.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$8.8M |
| 2 |
Renaissance Technologies
New York
|
-$6M |
| 3 |
Morgan Stanley
New York
|
-$5.38M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$3.7M |
| 5 |
CS
Comerica Securities
Detroit,
Michigan
|
-$2.9M |
PZA Hedge Fund Activity: Q3 2022 in Review
181 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q3 2022, worth a combined $1B — down 4.7% from $1.05B a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of PZA and 21 opened new positions — a net loss of 12 holders — while 65 trimmed existing stakes and 60 added.
The largest buyer was Bank of America, adding an estimated $30.4M. The largest seller was UBS Group, cutting an estimated $8.8M.
- 181 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q3 2022, down from 196 in Q2 2022.
- Funds reported $1B of Invesco National AMT-Free Municipal Bond ETF stock for Q3 2022, down 4.7% quarter-over-quarter.
- 21 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q3 2022 and 33 closed out, a net change of -12 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q3 2022 was Bank of America, an estimated $30.4M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q3 2022 was UBS Group, an estimated $8.8M sold.
Based on aggregated 13F filings for Q3 2022.