Invesco CEF Income Composite ETF
PCEF
74 hedge funds and large institutions have $170M invested in Invesco CEF Income Composite ETF in 2014 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 29 increasing their positions, 18 reducing their positions, and 12 closing their positions.
61% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 18
25% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 12
24% more capital invested
Capital invested by funds: $138M → $170M (+$32.6M)
4.37% more ownership
Funds ownership: 21.76% → 26.14% (+4.4%)
3% more funds holding
Funds holding: 72 → 74 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$17.4M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.57M |
| 3 |
GCA
Greenwood Capital Associates
Greenwood,
South Carolina
|
+$1.81M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.42M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HI
Horizon Investments
Charlotte,
North Carolina
|
-$4.75M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
-$1.72M |
| 3 |
VFS
VSR Financial Services
Overland Park,
Kansas
|
-$1.65M |
| 4 |
Jane Street
New York
|
-$1.07M |
| 5 |
AIG
American International Group
New York
|
-$843K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Goldman Sachs
New York
| – | -$463K | -19,008 | Closed |
|
77
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$289K | -11,849 | Closed |
|
78
Citadel Advisors
Miami,
Florida
| – | -$266K | -10,940 | Closed |
|
|
PMFA
79
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$37K | -1,533 | Closed |
|
|
AC
80
Alexandria Capital
Arlington,
Virginia
| – | -$25K | -1,014 | Closed |
|
|
MHS
81
M Holdings Securities
Portland,
Oregon
| – | -$23K | -953 | Closed |
|
|
BWFA
82
Baltimore-Washington Financial Advisors
Columbia,
Maryland
| – | -$15K | -600 | Closed |
|
|
GT
83
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$12K | -500 | Closed |
|
|
EWM
84
Elite Wealth Management
Kirkland,
Washington
| – | -$2K | -80 | Closed |
|
85
Parallax Volatility Advisers
San Francisco,
California
| – | +$24 | +1 | New |
|
|
TSW
86
Thompson Siegel & Walmsley
Richmond,
Virginia
| – | +$12K | +500 | New |
|
PCEF Hedge Fund Activity: Q4 2014 in Review
74 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Invesco CEF Income Composite ETF (PCEF) for Q4 2014, worth a combined $170M — up 24% from $138M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new PCEF positions and 12 closed out — a net gain of 3 holders — while 29 added to existing stakes and 18 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $17.4M. The largest seller was Horizon Investments, cutting an estimated $4.75M.
- 74 institutional investors held Invesco CEF Income Composite ETF (PCEF) as of Q4 2014, up from 72 in Q3 2014.
- Funds reported $170M of Invesco CEF Income Composite ETF stock for Q4 2014, up 24% quarter-over-quarter.
- 15 funds opened new Invesco CEF Income Composite ETF positions in Q4 2014 and 12 closed out, a net change of +3 holders.
- The largest Invesco CEF Income Composite ETF buyer in Q4 2014 was Rivernorth Capital Management, an estimated $17.4M added.
- The largest Invesco CEF Income Composite ETF seller in Q4 2014 was Horizon Investments, an estimated $4.75M sold.
Based on aggregated 13F filings for Q4 2014.