PZT β€” Invesco New York AMT-Free Municipal Bond ETF

Ownership history in FLOW TRADERS U.S. LLC  Β·  8 quarters on record

This page tracks every 13F SEC filing in which FLOW TRADERS U.S. 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
0.04% (2025 Q4)
πŸ“Š Avg. % of fund
0.02%
πŸ“… First filed
2022 Q2
πŸ“… Last filed
2025 Q4
⏱ Quarters held
8

Position Intelligence

FLOW TRADERS U.S. LLC Γ— PZT AI Analytics

πŸ“‰ FLOW TRADERS U.S. LLC underperformed the S&P 500 by –33.5% annually on this PZT position. Timing score: 43% (3/7 decisions correct). Average cost basis: $21.54. Maximum drawdown during holding period: –5.9%.

πŸ“ˆ Position Alpha vs SPY
-33.5%
annualised excess return

❌ Significantly underperformed the S&P 500 by 33.5% ann.
7 quarters analyzed

⏱️ Timing Score
43%

⚠️ Poor timing β€” buys often preceded drops, trims preceded rallies.
3 of 7 add/trim decisions correct

πŸ’° Entry Quality
$21.54
+2.6% vs current ($22.11)

Best entry: $20.05 (2022 Q2)  Β·  Worst: $22.11 (2025 Q4)

πŸ›‘οΈ Drawdown Resilience
–5.9%
max drawdown while held

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

πŸ’ͺ Fund Conviction
62%
buy-side decisions

5 adds Β· 3 trims. Bought during 0 of 1 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

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 8 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 ADDED 55,082 +30,527 +124.3% 0.04% $1.2M $22.11
2025 Q3 ADDED 24,555 +14,747 +150.4% 0.02% $546K $21.84
2024 Q2 REDUCED 9,808 -3,117 -24.1% 0.01% $225K $21.63
2023 Q4 REDUCED 12,925 -1,931 -13.0% 0.01% $299K $21.48
2023 Q3 REDUCED 14,856 -3,095 -17.2% 0.01% $316K $19.58
2023 Q2 ADDED 17,951 +5,965 +49.8% 0.02% $408K $20.81
2023 Q1 ADDED 11,986 +615 +5.4% 0.01% $273K $20.70
2022 Q2 INITIATED 11,371 β€” β€” 0.01% $256K $20.05

🏒 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% Composition Wealth, LLC 3Y 7Y 0.04% GUGGENHEIM CAPITAL LLC 3Y 7Y 0.03%
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