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Invesco National AMT-Free Municipal Bond ETF

229 hedge funds and large institutions have $2.19B invested in Invesco National AMT-Free Municipal Bond ETF in 2024 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 84 increasing their positions, 75 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

383% more call options, than puts

Call options by funds: $227K | Put options by funds: $47K

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

71% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 24

12% more repeat investments, than reductions

Existing positions increased: 84 | Existing positions reduced: 75

10% more capital invested

Capital invested by funds: $1.99B → $2.19B (+$200M)

6% more funds holding

Funds holding: 217229 (+12)

2.91% more ownership

Funds ownership: 68%70.9% (+2.9%)

Holders
229
Holders Change
+12
Holders Change %
+5.53%
% of All Funds
3.02%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
41
Increased
84
Reduced
75
Closed
24
Calls
$227K
Puts
$47K
Net Calls
+$180K
Net Calls Change
+$911K
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$1.17B +$158M +6,601,302 +15%
UBS Group
2
UBS Group
Switzerland
$68.3M -$1.29M -53,858 -2%
CCWA
3
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$63.8M +$4.21M +176,308 +7%
Envestnet Asset Management
4
Envestnet Asset Management
Illinois
$60.2M +$10.2M +426,173 +20%
Wells Fargo
5
Wells Fargo
California
$49.2M +$6.5M +272,109 +15%
Morgan Stanley
6
Morgan Stanley
New York
$49.2M +$5.67M +237,407 +13%
LPL Financial
7
LPL Financial
California
$48.3M +$11.2M +467,610 +30%
Ameriprise
8
Ameriprise
Minnesota
$37.3M -$3.83M -160,457 -9%
Bank of New York Mellon
9
Bank of New York Mellon
New York
$36.3M +$4.05M +169,495 +12%
EWA
10
EP Wealth Advisors
California
$33.3M +$2.28M +95,407 +7%
OPAM
11
Ocean Park Asset Management
California
$28M -$875K -36,600 -3%
Northwestern Mutual Wealth Management
12
Northwestern Mutual Wealth Management
Wisconsin
$23.1M +$4.21M +176,263 +22%
PPW
13
Parcion Private Wealth
Washington
$20.4M +$982K +41,113 +5%
GAG
14
Goodman Advisory Group
Massachusetts
$18M +$957K +40,052 +6%
CI
15
CX Institutional
Indiana
$18M +$3.23M +135,024 +22%
MMA
16
Miracle Mile Advisors
California
$17.8M +$731K +30,596 +4%
Stifel Financial
17
Stifel Financial
Missouri
$17M -$1.13M -47,468 -6%
AAS
18
Annex Advisory Services
Wisconsin
$16.8M +$17M +712,036 New
MML Investors Services
19
MML Investors Services
Massachusetts
$16.7M +$5.5M +230,196 +48%
Raymond James Financial
20
Raymond James Financial
Florida
$15.2M +$15.3M +641,717 New
1WM
21
1900 Wealth Management
Texas
$14.7M -$2.84M -118,657 -16%
Cetera Investment Advisers
22
Cetera Investment Advisers
Illinois
$14.1M +$1.44M +60,192 +11%
Osaic Holdings
23
Osaic Holdings
Arizona
$13.9M +$3.37M +141,166 +32%
SWP
24
Stratos Wealth Partners
Ohio
$13.3M -$987K -41,321 -7%
Citadel Advisors
25
Citadel Advisors
Florida
$13.1M +$12.6M +525,851 +1,938%

PZA Hedge Fund Activity: Q4 2024 in Review

229 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q4 2024, worth a combined $2.19B — up 10% from $1.99B a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new PZA positions and 24 closed out — a net gain of 17 holders — while 84 added to existing stakes and 75 trimmed.

The largest buyer was Bank of America, adding an estimated $158M. The largest seller was Renaissance Technologies, cutting an estimated $11M.

  • 229 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q4 2024, up from 217 in Q3 2024.
  • Funds reported $2.19B of Invesco National AMT-Free Municipal Bond ETF stock for Q4 2024, up 10% quarter-over-quarter.
  • 41 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q4 2024 and 24 closed out, a net change of +17 holders.
  • The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q4 2024 was Bank of America, an estimated $158M added.
  • The largest Invesco National AMT-Free Municipal Bond ETF seller in Q4 2024 was Renaissance Technologies, an estimated $11M sold.

Based on aggregated 13F filings for Q4 2024.