Invesco National AMT-Free Municipal Bond ETF
180 hedge funds and large institutions have $1.44B invested in Invesco National AMT-Free Municipal Bond ETF in 2023 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 62 increasing their positions, 59 reducing their positions, and 13 closing their positions.
77% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 13
9% more capital invested
Capital invested by funds: $1.31B → $1.44B (+$124M)
5% more funds holding
Funds holding: 171 → 180 (+9)
2.57% more ownership
Funds ownership: 60.03% → 62.59% (+2.6%)
5% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 59
33% less call options, than puts
Call options by funds: $76K | Put options by funds: $113K
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$36.7M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$35M |
| 3 |
LPL Financial
San Diego,
California
|
+$23M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$13.5M |
| 5 |
EWA
EP Wealth Advisors
Torrance,
California
|
+$10.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAG
Goodman Advisory Group
Needham,
Massachusetts
|
-$6.86M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$6.13M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$5.33M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$4.49M |
| 5 |
Renaissance Technologies
New York
|
-$4.35M |
PZA Hedge Fund Activity: Q2 2023 in Review
180 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q2 2023, worth a combined $1.44B — up 9.5% from $1.31B a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new PZA positions and 13 closed out — a net gain of 10 holders — while 62 added to existing stakes and 59 trimmed.
The largest buyer was Integrated Wealth Concepts, adding an estimated $36.7M. The largest seller was Goodman Advisory Group, cutting an estimated $6.86M.
- 180 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q2 2023, up from 171 in Q1 2023.
- Funds reported $1.44B of Invesco National AMT-Free Municipal Bond ETF stock for Q2 2023, up 9.5% quarter-over-quarter.
- 23 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q2 2023 and 13 closed out, a net change of +10 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q2 2023 was Integrated Wealth Concepts, an estimated $36.7M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q2 2023 was Goodman Advisory Group, an estimated $6.86M sold.
Based on aggregated 13F filings for Q2 2023.