Invesco National AMT-Free Municipal Bond ETF
177 hedge funds and large institutions have $1.15B invested in Invesco National AMT-Free Municipal Bond ETF in 2022 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 46 increasing their positions, 73 reducing their positions, and 25 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
14% more capital invested
Capital invested by funds: $1B → $1.15B (+$145M)
3.4% more ownership
Funds ownership: 54.43% → 57.83% (+3.4%)
0% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 25
10% less call options, than puts
Call options by funds: $255K | Put options by funds: $282K
2% less funds holding
Funds holding: 181 → 177 (-4)
37% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 73
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$35.5M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$27.8M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$16M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$14.6M |
| 5 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
+$8.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$7.33M |
| 2 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
-$6.2M |
| 3 |
1WM
1900 Wealth Management
San Antonio,
Texas
|
-$5.34M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$4.84M |
| 5 |
FCBT
First Citizens Bank & Trust
Raleigh,
North Carolina
|
-$4.59M |
PZA Hedge Fund Activity: Q4 2022 in Review
177 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q4 2022, worth a combined $1.15B — up 14% from $1B a quarter earlier.
Fund positioning in PZA was balanced in Q4 2022: 25 funds opened new positions, 25 closed out, 46 added to existing stakes and 73 trimmed.
The largest buyer was Bank of America, adding an estimated $35.5M. The largest seller was Envestnet Asset Management, cutting an estimated $7.33M.
- 177 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q4 2022, down from 181 in Q3 2022.
- Funds reported $1.15B of Invesco National AMT-Free Municipal Bond ETF stock for Q4 2022, up 14% quarter-over-quarter.
- 25 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q4 2022 and 25 closed out, a net change of 0 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q4 2022 was Bank of America, an estimated $35.5M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q4 2022 was Envestnet Asset Management, an estimated $7.33M sold.
Based on aggregated 13F filings for Q4 2022.