Invesco National AMT-Free Municipal Bond ETF
83 hedge funds and large institutions have $419M invested in Invesco National AMT-Free Municipal Bond ETF in 2015 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 32 increasing their positions, 23 reducing their positions, and 6 closing their positions.
368% more call options, than puts
Call options by funds: $1.39M | Put options by funds: $296K
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
39% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 23
5% more funds holding
Funds holding: 79 → 83 (+4)
5% more capital invested
Capital invested by funds: $400M → $419M (+$18.8M)
0.37% less ownership
Funds ownership: 42.6% → 42.23% (-0.37%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$23.7M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$12.8M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$5.7M |
| 4 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
+$4.9M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$3.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CPO
Cerity Partners OCIO
New York
|
-$19.3M |
| 2 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
-$2.22M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$1.46M |
| 4 |
CI
Cambiar Investors
Denver,
Colorado
|
-$1.02M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$917K |
PZA Hedge Fund Activity: Q1 2015 in Review
83 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q1 2015, worth a combined $419M — up 4.7% from $400M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new PZA positions and 6 closed out — a net gain of 6 holders — while 32 added to existing stakes and 23 trimmed.
The largest buyer was Managed Account Advisors, adding an estimated $23.7M. The largest seller was Cerity Partners OCIO, cutting an estimated $19.3M.
- 83 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q1 2015, up from 79 in Q4 2014.
- Funds reported $419M of Invesco National AMT-Free Municipal Bond ETF stock for Q1 2015, up 4.7% quarter-over-quarter.
- 12 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q1 2015 and 6 closed out, a net change of +6 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q1 2015 was Managed Account Advisors, an estimated $23.7M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q1 2015 was Cerity Partners OCIO, an estimated $19.3M sold.
Based on aggregated 13F filings for Q1 2015.