Invesco National AMT-Free Municipal Bond ETF
132 hedge funds and large institutions have $949M invested in Invesco National AMT-Free Municipal Bond ETF in 2018 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 42 increasing their positions, 38 reducing their positions, and 12 closing their positions.
67% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 12
11% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 38
6% more funds holding
Funds holding: 125 → 132 (+7)
2.18% less ownership
Funds ownership: 60.06% → 57.87% (-2.2%)
32% less capital inflows, than outflows
Capital inflows: $45.8M | Capital outflows: $67M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$14.1M |
| 2 |
Private Wealth Group
Tampa,
Florida
|
+$10.5M |
| 3 |
Virtu Financial
New York
|
+$3.62M |
| 4 |
Goldman Sachs
New York
|
+$1.98M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$1.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
-$47M |
| 2 |
Jane Street
New York
|
-$4.93M |
| 3 |
Csenge Advisory Group
Clearwater,
Florida
|
-$3.75M |
| 4 |
Advisor Group
Phoenix,
Arizona
|
-$1.73M |
| 5 |
Morgan Stanley
New York
|
-$828K |
PZA Hedge Fund Activity: Q2 2018 in Review
132 of the 4,386 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q2 2018, worth a combined $949M — down 2.5% from $973M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new PZA positions and 12 closed out — a net gain of 8 holders — while 42 added to existing stakes and 38 trimmed.
The largest buyer was UBS Group, adding an estimated $14.1M. The largest seller was Trustmark National Bank Trust Department, exiting entirely with an estimated $47M sold.
- 132 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q2 2018, up from 125 in Q1 2018.
- Funds reported $949M of Invesco National AMT-Free Municipal Bond ETF stock for Q2 2018, down 2.5% quarter-over-quarter.
- 20 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q2 2018 and 12 closed out, a net change of +8 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q2 2018 was UBS Group, an estimated $14.1M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q2 2018 was Trustmark National Bank Trust Department, an estimated $47M sold.
Based on aggregated 13F filings for Q2 2018.