Invesco National AMT-Free Municipal Bond ETF
211 hedge funds and large institutions have $1.4B invested in Invesco National AMT-Free Municipal Bond ETF in 2021 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 80 increasing their positions, 50 reducing their positions, and 15 closing their positions.
153% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 15
60% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 50
10% more funds holding
Funds holding: 191 → 211 (+20)
6% more capital invested
Capital invested by funds: $1.32B → $1.4B (+$80.6M)
1.1% more ownership
Funds ownership: 53.33% → 54.43% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$28.8M |
| 2 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$11.3M |
| 3 |
1WM
1900 Wealth Management
San Antonio,
Texas
|
+$9.06M |
| 4 |
Morgan Stanley
New York
|
+$6.22M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$4.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSFS
Main Street Financial Solutions
Newtown,
Pennsylvania
|
-$6.88M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$5.88M |
| 3 |
Barclays
London,
United Kingdom
|
-$4.89M |
| 4 |
FUBT
First United Bank & Trust
Oakland,
Maryland
|
-$1.14M |
| 5 |
AFS
Axiom Financial Strategies
New Albany,
Indiana
|
-$1.1M |
PZA Hedge Fund Activity: Q4 2021 in Review
211 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q4 2021, worth a combined $1.4B — up 6.1% from $1.32B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new PZA positions and 15 closed out — a net gain of 23 holders — while 80 added to existing stakes and 50 trimmed.
The largest buyer was Bank of America, adding an estimated $28.8M. The largest seller was Main Street Financial Solutions, cutting an estimated $6.88M.
- 211 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q4 2021, up from 191 in Q3 2021.
- Funds reported $1.4B of Invesco National AMT-Free Municipal Bond ETF stock for Q4 2021, up 6.1% quarter-over-quarter.
- 38 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q4 2021 and 15 closed out, a net change of +23 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q4 2021 was Bank of America, an estimated $28.8M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q4 2021 was Main Street Financial Solutions, an estimated $6.88M sold.
Based on aggregated 13F filings for Q4 2021.