Invesco California AMT-Free Municipal Bond ETF (PWZ)

Market Cap: $659M

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

89% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 9

13% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 24

9% more funds holding

Funds holding: 85 [Q1] → 93 (+8) [Q2]

4% more capital invested

Capital invested by funds: $563M [Q1] → $584M (+$20.4M) [Q2]

0.3% less ownership

Funds ownership: 67.82% [Q1] → 67.52% (-0.3%) [Q2]