Invesco National AMT-Free Municipal Bond ETF
125 hedge funds and large institutions have $973M invested in Invesco National AMT-Free Municipal Bond ETF in 2018 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 45 increasing their positions, 37 reducing their positions, and 23 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 37
1.08% more ownership
Funds ownership: 58.98% → 60.06% (+1.1%)
2% more capital invested
Capital invested by funds: $957M → $973M (+$16.9M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6% less funds holding
Funds holding: 133 → 125 (-8)
26% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$13.1M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$12.3M |
| 3 |
Jane Street
New York
|
+$8.07M |
| 4 |
UBS AM
Chicago,
Illinois
|
+$4.52M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$3.12M |
| 2 |
Goldman Sachs
New York
|
-$2.04M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.57M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.16M |
| 5 |
SCA
Snowden Capital Advisors
New York
|
-$1.05M |
PZA Hedge Fund Activity: Q1 2018 in Review
125 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q1 2018, worth a combined $973M — up 1.8% from $957M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of PZA and 17 opened new positions — a net loss of 6 holders — while 37 trimmed existing stakes and 45 added.
The largest buyer was Bank of America, adding an estimated $13.1M. The largest seller was LPL Financial, cutting an estimated $3.12M.
- 125 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q1 2018, down from 133 in Q4 2017.
- Funds reported $973M of Invesco National AMT-Free Municipal Bond ETF stock for Q1 2018, up 1.8% quarter-over-quarter.
- 17 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q1 2018 and 23 closed out, a net change of -6 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q1 2018 was Bank of America, an estimated $13.1M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q1 2018 was LPL Financial, an estimated $3.12M sold.
Based on aggregated 13F filings for Q1 2018.