Invesco National AMT-Free Municipal Bond ETF
196 hedge funds and large institutions have $1.05B invested in Invesco National AMT-Free Municipal Bond ETF in 2022 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 43 increasing their positions, 80 reducing their positions, and 34 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1% less funds holding
Funds holding: 197 → 196 (-1)
3% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 34
1.93% less ownership
Funds ownership: 55.86% → 53.93% (-1.9%)
16% less capital invested
Capital invested by funds: $1.25B → $1.05B (-$193M)
46% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 80
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$6.84M |
| 2 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$5.45M |
| 3 |
Mercer Global Advisors
Denver,
Colorado
|
+$5.02M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$4.36M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
+$4.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$73.9M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$16.7M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$12.6M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$11.9M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$8.2M |
PZA Hedge Fund Activity: Q2 2022 in Review
196 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q2 2022, worth a combined $1.05B — down 16% from $1.25B a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of PZA and 33 opened new positions — a net loss of 1 holder — while 80 trimmed existing stakes and 43 added.
The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $6.84M. The largest seller was Bank of America, cutting an estimated $73.9M.
- 196 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q2 2022, down from 197 in Q1 2022.
- Funds reported $1.05B of Invesco National AMT-Free Municipal Bond ETF stock for Q2 2022, down 16% quarter-over-quarter.
- 33 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q2 2022 and 34 closed out, a net change of -1 holder.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q2 2022 was Northwestern Mutual Wealth Management, an estimated $6.84M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q2 2022 was Bank of America, an estimated $73.9M sold.
Based on aggregated 13F filings for Q2 2022.