Invesco National AMT-Free Municipal Bond ETF
71 hedge funds and large institutions have $245M invested in Invesco National AMT-Free Municipal Bond ETF in 2014 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 32 increasing their positions, 22 reducing their positions, and 5 closing their positions.
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
45% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 22
21% more capital invested
Capital invested by funds: $203M → $245M (+$42.2M)
8% more funds holding
Funds holding: 66 → 71 (+5)
3.27% more ownership
Funds ownership: 32.68% → 35.96% (+3.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$18.6M |
| 2 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
+$8.61M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$5.73M |
| 4 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$4.94M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
-$2.87M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$976K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$942K |
| 4 |
LPL Financial
San Diego,
California
|
-$806K |
| 5 |
Morgan Stanley
New York
|
-$698K |
PZA Hedge Fund Activity: Q2 2014 in Review
71 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q2 2014, worth a combined $245M — up 21% from $203M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PZA positions and 5 closed out — a net gain of 5 holders — while 32 added to existing stakes and 22 trimmed.
The largest buyer was Bank of America, adding an estimated $18.6M. The largest seller was Ashford Capital Management, cutting an estimated $2.87M.
- 71 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q2 2014, up from 66 in Q1 2014.
- Funds reported $245M of Invesco National AMT-Free Municipal Bond ETF stock for Q2 2014, up 21% quarter-over-quarter.
- 10 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q2 2014 and 5 closed out, a net change of +5 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q2 2014 was Bank of America, an estimated $18.6M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q2 2014 was Ashford Capital Management, an estimated $2.87M sold.
Based on aggregated 13F filings for Q2 2014.