Invesco National AMT-Free Municipal Bond ETF
139 hedge funds and large institutions have $1.12B invested in Invesco National AMT-Free Municipal Bond ETF in 2019 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 57 increasing their positions, 32 reducing their positions, and 20 closing their positions.
95% more capital inflows, than outflows
Capital inflows: $124M | Capital outflows: $63.2M
78% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 32
10% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 20
1% less funds holding
Funds holding: 140 → 139 (-1)
5.91% less ownership
Funds ownership: 64.8% → 58.89% (-5.9%)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackay Shields LLC
New York
|
+$48.4M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$12.4M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$11.9M |
| 4 |
UBS AM
Chicago,
Illinois
|
+$8.1M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$3.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFS Investments
Duluth,
Georgia
|
-$48.7M |
| 2 |
Belpointe Asset Management
Reno,
Nevada
|
-$6.66M |
| 3 |
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
-$1.58M |
| 4 |
KWMG LLC
Overland Park,
Kansas
|
-$459K |
| 5 |
Banque Pictet & Cie
Geneva 73,
Switzerland
|
-$434K |
PZA Hedge Fund Activity: Q2 2019 in Review
139 of the 4,626 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q2 2019, worth a combined $1.12B — up 4.3% from $1.07B a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new PZA positions and 20 closed out — a net gain of 2 holders — while 57 added to existing stakes and 32 trimmed.
The largest buyer was Mackay Shields LLC, opening a new position worth an estimated $48.4M. The largest seller was PFS Investments, cutting an estimated $48.7M.
- 139 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q2 2019, down from 140 in Q1 2019.
- Funds reported $1.12B of Invesco National AMT-Free Municipal Bond ETF stock for Q2 2019, up 4.3% quarter-over-quarter.
- 22 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q2 2019 and 20 closed out, a net change of +2 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q2 2019 was Mackay Shields LLC, an estimated $48.4M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q2 2019 was PFS Investments, an estimated $48.7M sold.
Based on aggregated 13F filings for Q2 2019.