Invesco National AMT-Free Municipal Bond ETF
90 hedge funds and large institutions have $606M invested in Invesco National AMT-Free Municipal Bond ETF in 2016 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 27 increasing their positions, 33 reducing their positions, and 6 closing their positions.
83% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 6
33% more capital invested
Capital invested by funds: $456M → $606M (+$151M)
5% more funds holding
Funds holding: 86 → 90 (+4)
4.5% more ownership
Funds ownership: 47.07% → 51.57% (+4.5%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
18% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 33
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $232K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$127M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$21.5M |
| 3 |
CCP
Cardan Capital Partners
Denver,
Colorado
|
+$2.6M |
| 4 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$2.48M |
| 5 |
LPL Financial
San Diego,
California
|
+$2.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$8.8M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$5.12M |
| 3 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$3.48M |
| 4 |
AssetMark Inc
Concord,
California
|
-$1.36M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.2M |
PZA Hedge Fund Activity: Q1 2016 in Review
90 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q1 2016, worth a combined $606M — up 33% from $456M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PZA positions and 6 closed out — a net gain of 5 holders — while 27 added to existing stakes and 33 trimmed.
The largest buyer was Bank of America, adding an estimated $127M. The largest seller was Envestnet Asset Management, cutting an estimated $8.8M.
- 90 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q1 2016, up from 86 in Q4 2015.
- Funds reported $606M of Invesco National AMT-Free Municipal Bond ETF stock for Q1 2016, up 33% quarter-over-quarter.
- 11 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q1 2016 and 6 closed out, a net change of +5 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q1 2016 was Bank of America, an estimated $127M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q1 2016 was Envestnet Asset Management, an estimated $8.8M sold.
Based on aggregated 13F filings for Q1 2016.