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Invesco National AMT-Free Municipal Bond ETF

89 hedge funds and large institutions have $690M invested in Invesco National AMT-Free Municipal Bond ETF in 2016 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 39 increasing their positions, 19 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

105% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 19

14% more capital invested

Capital invested by funds: $606M → $690M (+$83.6M)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 10

1% less funds holding

Funds holding: 9089 (-1)

1.43% less ownership

Funds ownership: 51.57%50.14% (-1.4%)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $583K

Holders
89
Holders Change
-1
Holders Change %
-1.11%
% of All Funds
2.37%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
10
Increased
39
Reduced
19
Closed
10
Calls
Puts
$583K
Net Calls
-$583K
Net Calls Change
-$351K
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$370M +$40.1M +1,537,594 +12%
UBS Group
2
UBS Group
Switzerland
$97.7M +$7.07M +271,250 +8%
Wells Fargo
3
Wells Fargo
California
$42.6M +$3.79M +145,400 +10%
TNBTD
4
Trustmark National Bank Trust Department
Mississippi
$36M +$2.53M +97,023 +8%
Morgan Stanley
5
Morgan Stanley
New York
$25.5M -$2.75M -105,303 -10%
AssetMark Inc
6
AssetMark Inc
California
$11.3M +$59.9K +2,297 +0.5%
Envestnet Asset Management
7
Envestnet Asset Management
Illinois
$10.3M +$6.89M +264,364 +216%
UBS AM
8
UBS AM
Illinois
$9.31M
LPL Financial
9
LPL Financial
California
$9.2M -$6.27M -240,475 -41%
RJFSA
10
Raymond James Financial Services Advisors
Florida
$6.59M +$4.34M +166,377 +203%
Baird Financial Group
11
Baird Financial Group
Wisconsin
$6.2M +$60.5K +2,319 +1%
CCP
12
Cardan Capital Partners
Colorado
$4.72M +$124K +4,745 +3%
BCM
13
Brookstone Capital Management
Illinois
$4.28M +$4.21M +161,355 New
LTFS
14
Ladenburg Thalmann Financial Services
Florida
$4.13M +$405K +15,542 +11%
Stifel Financial
15
Stifel Financial
Missouri
$3.86M +$19K +727 +0.5%
TFA
16
Transamerica Financial Advisors
Florida
$3.83M -$792K -30,368 -17%
ACM
17
Ashford Capital Management
Delaware
$2.49M +$322K +12,365 +15%
MFS
18
MSI Financial Services
Massachusetts
$2.46M +$587K +22,528 +32%
CB
19
Commerce Bank
Missouri
$2.4M -$104K -4,000 -4%
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$2.35M +$361K +13,843 +19%
NCM
21
Newgate Capital Management
Connecticut
$2.27M -$295K -11,316 -12%
FAAS
22
First Allied Advisory Services
California
$2.25M +$249K +9,567 +13%
Ameriprise
23
Ameriprise
Minnesota
$2.11M +$637K +24,449 +42%
RJA
24
Raymond James & Associates
Florida
$1.86M +$149K +5,723 +9%
NC
25
NewSquare Capital
Pennsylvania
$1.54M +$361K +13,834 +31%

PZA Hedge Fund Activity: Q2 2016 in Review

89 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q2 2016, worth a combined $690M — up 14% from $606M a quarter earlier.

Fund positioning in PZA was balanced in Q2 2016: 10 funds opened new positions, 10 closed out, 39 added to existing stakes and 19 trimmed.

The largest buyer was Bank of America, adding an estimated $40.1M. The largest seller was LPL Financial, cutting an estimated $6.27M.

  • 89 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q2 2016, down from 90 in Q1 2016.
  • Funds reported $690M of Invesco National AMT-Free Municipal Bond ETF stock for Q2 2016, up 14% quarter-over-quarter.
  • 10 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q2 2016 and 10 closed out, a net change of 0 holders.
  • The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q2 2016 was Bank of America, an estimated $40.1M added.
  • The largest Invesco National AMT-Free Municipal Bond ETF seller in Q2 2016 was LPL Financial, an estimated $6.27M sold.

Based on aggregated 13F filings for Q2 2016.