Invesco CEF Income Composite ETF
PCEF
70 hedge funds and large institutions have $182M invested in Invesco CEF Income Composite ETF in 2016 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 29 increasing their positions, 16 reducing their positions, and 13 closing their positions.
81% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 16
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3.26% less ownership
Funds ownership: 32.65% → 29.39% (-3.3%)
5% less funds holding
Funds holding: 74 → 70 (-4)
9% less capital invested
Capital invested by funds: $199M → $182M (-$17.4M)
23% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 13
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $6K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JFGIW
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
|
+$34.9M |
| 2 |
Morgan Stanley
New York
|
+$3.86M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$2.9M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.79M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$606K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$14.9M |
| 2 |
LPL Financial
San Diego,
California
|
-$4.74M |
| 3 |
PAM
PVG Asset Management
Golden,
Colorado
|
-$4.36M |
| 4 |
GCA
Greenwood Capital Associates
Greenwood,
South Carolina
|
-$1.73M |
| 5 |
VFS
VSR Financial Services
Overland Park,
Kansas
|
-$1.27M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$270K | -12,526 | Closed |
|
|
RVPG
77
Relative Value Partners Group
| – | -$201K | -9,422 | Closed |
|
|
IH
78
IFC Holdings
Tampa,
Florida
| – | -$201K | -9,354 | Closed |
|
|
SBL
79
Sargent Bickham Lagudis
Boulder,
Colorado
| – | -$177K | -8,204 | Closed |
|
|
EDRH
80
Edmond de Rothschild Holding
Chambesy,
Switzerland
| – | -$22K | -1,000 | Closed |
|
|
EDRS
81
Edmond de Rothschild (Suisse)
Geneva,
Switzerland
| – | -$22K | -1,000 | Closed |
|
82
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$4K | -205 | Closed |
|
PCEF Hedge Fund Activity: Q2 2016 in Review
70 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco CEF Income Composite ETF (PCEF) for Q2 2016, worth a combined $182M — down 8.7% from $199M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of PCEF and 10 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 29 added.
The largest buyer was Johnson Financial Group Inc (Wisconsin), opening a new position worth an estimated $34.9M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $14.9M sold.
- 70 institutional investors held Invesco CEF Income Composite ETF (PCEF) as of Q2 2016, down from 74 in Q1 2016.
- Funds reported $182M of Invesco CEF Income Composite ETF stock for Q2 2016, down 8.7% quarter-over-quarter.
- 10 funds opened new Invesco CEF Income Composite ETF positions in Q2 2016 and 13 closed out, a net change of -3 holders.
- The largest Invesco CEF Income Composite ETF buyer in Q2 2016 was Johnson Financial Group Inc (Wisconsin), an estimated $34.9M added.
- The largest Invesco CEF Income Composite ETF seller in Q2 2016 was Rivernorth Capital Management, an estimated $14.9M sold.
Based on aggregated 13F filings for Q2 2016.