Invesco National AMT-Free Municipal Bond ETF
178 hedge funds and large institutions have $1.18B invested in Invesco National AMT-Free Municipal Bond ETF in 2019 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 73 increasing their positions, 22 reducing their positions, and 11 closing their positions.
300% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 11
232% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 22
19% more funds holding
Funds holding: 149 → 178 (+29)
1% less capital invested
Capital invested by funds: $1.19B → $1.18B (-$11.4M)
2.6% less ownership
Funds ownership: 58.99% → 56.39% (-2.6%)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$15.8M |
| 2 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
+$3.89M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$3.45M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$3.04M |
| 5 |
Citigroup
New York
|
+$2.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS AM
Chicago,
Illinois
|
-$46.9M |
| 2 |
PWG
Private Wealth Group
Tampa,
Florida
|
-$10.2M |
| 3 |
NS
NewDay Solutions
Hampton,
New Hampshire
|
-$3.07M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$535K |
| 5 |
BWCS
Beirne Wealth Consulting Services
Shelton,
Connecticut
|
-$488K |
PZA Hedge Fund Activity: Q4 2019 in Review
178 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q4 2019, worth a combined $1.18B — down 0.96% from $1.19B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new PZA positions and 11 closed out — a net gain of 33 holders — while 73 added to existing stakes and 22 trimmed.
The largest buyer was UBS Group, adding an estimated $15.8M. The largest seller was UBS AM, exiting entirely with an estimated $46.9M sold.
- 178 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q4 2019, up from 149 in Q3 2019.
- Funds reported $1.18B of Invesco National AMT-Free Municipal Bond ETF stock for Q4 2019, down 0.96% quarter-over-quarter.
- 44 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q4 2019 and 11 closed out, a net change of +33 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q4 2019 was UBS Group, an estimated $15.8M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q4 2019 was UBS AM, an estimated $46.9M sold.
Based on aggregated 13F filings for Q4 2019.