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Invesco National AMT-Free Municipal Bond ETF

197 hedge funds and large institutions have $1.25B invested in Invesco National AMT-Free Municipal Bond ETF in 2022 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 65 increasing their positions, 67 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

1.43% more ownership

Funds ownership: 54.43%55.86% (+1.4%)

3% less repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 67

7% less funds holding

Funds holding: 211197 (-14)

11% less capital invested

Capital invested by funds: $1.4B → $1.25B (-$155M)

29% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 38

Holders
197
Holders Change
-14
Holders Change %
-6.64%
% of All Funds
3.11%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
27
Increased
65
Reduced
67
Closed
38
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$610M -$95.4M -3,669,266 -13%
UBS Group
2
UBS Group
Switzerland
$104M -$101K -3,898 -0.1%
Envestnet Asset Management
3
Envestnet Asset Management
Illinois
$60.4M +$17.3M +664,860 +38%
TNBTD
4
Trustmark National Bank Trust Department
Mississippi
$45.9M +$489K +18,811 +1%
Morgan Stanley
5
Morgan Stanley
New York
$45M -$3.48M -133,710 -7%
Osaic Holdings
6
Osaic Holdings
Arizona
$28.5M +$4.88M +187,641 +20%
LPL Financial
7
LPL Financial
California
$26.1M +$1.46M +56,021 +6%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$22.7M -$2.62M -100,851 -10%
Ameriprise
9
Ameriprise
Minnesota
$19.6M +$1.62M +62,136 +9%
PNC Financial Services Group
10
PNC Financial Services Group
Pennsylvania
$18.8M -$108K -4,167 -0.5%
1WM
11
1900 Wealth Management
Texas
$18.6M +$6.3M +242,344 +48%
KIM
12
Karpus Investment Management
New York
$15.2M +$516K +19,854 +3%
Stifel Financial
13
Stifel Financial
Missouri
$13.9M +$1.45M +55,597 +11%
Wells Fargo
14
Wells Fargo
California
$13.5M -$189K -7,274 -1%
NA
15
NewEdge Advisors
Louisiana
$10.1M -$438K -16,859 -4%
AssetMark Inc
16
AssetMark Inc
California
$9.06M +$4.58M +176,148 +94%
Northwestern Mutual Wealth Management
17
Northwestern Mutual Wealth Management
Wisconsin
$7.89M +$5.89M +226,402 +252%
CS
18
Comerica Securities
Michigan
$7.5M +$7.83M +300,970 New
Rockefeller Capital Management
19
Rockefeller Capital Management
New York
$6.24M -$1.02M -39,084 -14%
Jane Street
20
Jane Street
New York
$5.59M +$5.83M +224,376 New
ACP
21
Aveo Capital Partners
Colorado
$4.94M +$2M +76,951 +64%
Mercer Global Advisors
22
Mercer Global Advisors
Colorado
$4.67M +$1.4M +53,857 +40%
TIM
23
Tortoise Investment Management
New York
$4.62M +$2.5M +95,971 +108%
PI
24
PFS Investments
Georgia
$4.35M -$159K -6,127 -3%
FCBT
25
First Citizens Bank & Trust
North Carolina
$4.17M +$4.35M +167,211 New

PZA Hedge Fund Activity: Q1 2022 in Review

197 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q1 2022, worth a combined $1.25B — down 11% from $1.4B a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of PZA and 27 opened new positions — a net loss of 11 holders — while 67 trimmed existing stakes and 65 added.

The largest buyer was Envestnet Asset Management, adding an estimated $17.3M. The largest seller was Bank of America, cutting an estimated $95.4M.

  • 197 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q1 2022, down from 211 in Q4 2021.
  • Funds reported $1.25B of Invesco National AMT-Free Municipal Bond ETF stock for Q1 2022, down 11% quarter-over-quarter.
  • 27 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q1 2022 and 38 closed out, a net change of -11 holders.
  • The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q1 2022 was Envestnet Asset Management, an estimated $17.3M added.
  • The largest Invesco National AMT-Free Municipal Bond ETF seller in Q1 2022 was Bank of America, an estimated $95.4M sold.

Based on aggregated 13F filings for Q1 2022.