PZT β€” INVESCO NEW YORK AMT-FREE MUNICIPAL BOND ETF

Ownership history in Composition Wealth, LLC  Β·  12 quarters on record

This page tracks every 13F SEC filing in which Composition Wealth, LLC reported a position in INVESCO NEW YORK AMT-FREE MUNICIPAL BOND ETF (PZT). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
0.5% (2022 Q2)
πŸ“Š Avg. % of fund
0.16%
πŸ“… First filed
2022 Q2
πŸ“… Last filed
2025 Q4
⏱ Quarters held
12

Position Intelligence

Composition Wealth, LLC Γ— PZT AI Analytics

πŸ“‰ Composition Wealth, LLC underperformed the S&P 500 by –21.1% annually on this PZT position. Timing score: 55% (6/11 decisions correct). Average cost basis: $20.66. Maximum drawdown during holding period: –5.0%.

πŸ“ˆ Position Alpha vs SPY
-21.1%
annualised excess return

❌ Significantly underperformed the S&P 500 by 21.1% ann.
11 quarters analyzed

⏱️ Timing Score
55%

βœ… Decent timing β€” more right than wrong on entries and exits.
6 of 11 add/trim decisions correct

πŸ’° Entry Quality
$20.66
+7.0% vs current ($22.11)

Best entry: $19.11 (2022 Q3)  Β·  Worst: $22.17 (2024 Q3)

πŸ›‘οΈ Drawdown Resilience
–5.0%
max drawdown while held

πŸ’Ž No drawdown exceeding 20% during the holding period β€” exceptionally stable.

πŸ’ͺ Fund Conviction
75%
buy-side decisions

9 adds Β· 3 trims. Bought during 3 of 4 down-price quarters. πŸ‚ Consistently bullish β€” fund kept accumulating this position.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.04% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    PZT price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 ADDED 134,464 +7,437 +5.9% 0.04% $3.0M $22.11
2025 Q3 REDUCED 127,027 -215,767 -62.9% 0.04% $2.8M $21.84
2025 Q2 ADDED 342,794 +9,608 +2.9% 0.12% $7.4M $21.06
2025 Q1 ADDED 333,186 +3,274 +1.0% 0.15% $7.4M $21.32
2024 Q4 REDUCED 329,912 -4,343 -1.3% 0.15% $7.5M $21.73
2024 Q3 ADDED 334,255 +13,088 +4.1% 0.18% $7.8M $22.17
2024 Q2 ADDED 321,167 +254,060 +378.6% 0.18% $7.4M $21.63
2024 Q1 ADDED 67,107 +12,362 +22.6% 0.04% $1.5M $21.55
2023 Q4 ADDED 54,745 +6,592 +13.7% 0.03% $1.3M $21.48
2023 Q3 REDUCED 48,153 -429,918 -89.9% 0.03% $1.0M $19.58
2 older quarters hidden  β€”  Sign in free or upgrade to Premium to see full history

🏒 Other funds also holding PZT

As of 2025 Q4 β€” sorted by position size

FLYNN ZITO CAPITAL MANAGEMENT, LLC 3Y 1.16% AMERICAN FINANCIAL & TAX STRATEGIES INC 0.85% Hennion & Walsh Asset Management, Inc. 3Y 0.21% MUSTICO FINANCIAL GROUP, INC. 0.16% MCDONALD PARTNERS LLC 3Y 0.15% Tortoise Investment Management, LLC 3Y 7Y 0.11% SAX WEALTH ADVISORS, LLC 3Y 0.04% VALICENTI ADVISORY SERVICES INC 3Y 7Y 0.04% FLOW TRADERS U.S. LLC 3Y 7Y 0.04% GUGGENHEIM CAPITAL LLC 3Y 7Y 0.03%
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