Invesco National AMT-Free Municipal Bond ETF
94 hedge funds and large institutions have $718M invested in Invesco National AMT-Free Municipal Bond ETF in 2016 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 32 increasing their positions, 27 reducing their positions, and 10 closing their positions.
70% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 10
19% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 27
6% more funds holding
Funds holding: 89 → 94 (+5)
1% more ownership
Funds ownership: 50.14% → 51.15% (+1%)
4% more capital invested
Capital invested by funds: $690M → $718M (+$28.1M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $430K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$53.9M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$17.2M |
| 3 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
+$3.71M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.52M |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$2.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$28.7M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$6.83M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$4.45M |
| 4 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$4.28M |
| 5 |
Morgan Stanley
New York
|
-$1.08M |
PZA Hedge Fund Activity: Q3 2016 in Review
94 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q3 2016, worth a combined $718M — up 4.1% from $690M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new PZA positions and 10 closed out — a net gain of 7 holders — while 32 added to existing stakes and 27 trimmed.
The largest buyer was Bank of America, adding an estimated $53.9M. The largest seller was Wells Fargo, cutting an estimated $28.7M.
- 94 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q3 2016, up from 89 in Q2 2016.
- Funds reported $718M of Invesco National AMT-Free Municipal Bond ETF stock for Q3 2016, up 4.1% quarter-over-quarter.
- 17 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q3 2016 and 10 closed out, a net change of +7 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q3 2016 was Bank of America, an estimated $53.9M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q3 2016 was Wells Fargo, an estimated $28.7M sold.
Based on aggregated 13F filings for Q3 2016.