Invesco National AMT-Free Municipal Bond ETF
78 hedge funds and large institutions have $398M invested in Invesco National AMT-Free Municipal Bond ETF in 2015 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 31 increasing their positions, 24 reducing their positions, and 9 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 24
7% more capital invested
Capital invested by funds: $373M → $398M (+$24.8M)
1.81% more ownership
Funds ownership: 43.04% → 44.84% (+1.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 80 → 78 (-2)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$86.2M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$7.48M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$5.22M |
| 4 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
+$2.78M |
| 5 |
AIG
American International Group
New York
|
+$749K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VKH
Virtu KCG Holdings
New York
|
-$1.68M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.41M |
| 3 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$1,000K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$821K |
| 5 |
ACM
Argentus Capital Management
Dallas,
Texas
|
-$764K |
PZA Hedge Fund Activity: Q3 2015 in Review
78 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q3 2015, worth a combined $398M — up 6.7% from $373M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of PZA and 8 opened new positions — a net loss of 1 holder — while 24 trimmed existing stakes and 31 added.
The largest buyer was Bank of America, adding an estimated $86.2M. The largest seller was Virtu KCG Holdings, exiting entirely with an estimated $1.68M sold.
- 78 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q3 2015, down from 80 in Q2 2015.
- Funds reported $398M of Invesco National AMT-Free Municipal Bond ETF stock for Q3 2015, up 6.7% quarter-over-quarter.
- 8 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q3 2015 and 9 closed out, a net change of -1 holder.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q3 2015 was Bank of America, an estimated $86.2M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q3 2015 was Virtu KCG Holdings, an estimated $1.68M sold.
Based on aggregated 13F filings for Q3 2015.