Invesco CEF Income Composite ETF
PCEF
117 hedge funds and large institutions have $250M invested in Invesco CEF Income Composite ETF in 2023 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 53 increasing their positions, 31 reducing their positions, and 17 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 31
5% less capital invested
Capital invested by funds: $263M → $250M (-$13.1M)
1.85% less ownership
Funds ownership: 40.03% → 38.18% (-1.9%)
7% less funds holding
Funds holding: 126 → 117 (-9)
29% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$13.3M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.47M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.46M |
| 4 |
MSAM
Moloney Securities Asset Management
Manchester,
Missouri
|
+$1.07M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$949K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$9.13M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$5.79M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$3.83M |
| 4 |
Mercer Global Advisors
Denver,
Colorado
|
-$2.82M |
| 5 |
LPL Financial
San Diego,
California
|
-$2.26M |
PCEF Hedge Fund Activity: Q1 2023 in Review
117 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Invesco CEF Income Composite ETF (PCEF) for Q1 2023, worth a combined $250M — down 5% from $263M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of PCEF and 12 opened new positions — a net loss of 5 holders — while 31 trimmed existing stakes and 53 added.
The largest buyer was Royal Bank of Canada, adding an estimated $13.3M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $9.13M sold.
- 117 institutional investors held Invesco CEF Income Composite ETF (PCEF) as of Q1 2023, down from 126 in Q4 2022.
- Funds reported $250M of Invesco CEF Income Composite ETF stock for Q1 2023, down 5% quarter-over-quarter.
- 12 funds opened new Invesco CEF Income Composite ETF positions in Q1 2023 and 17 closed out, a net change of -5 holders.
- The largest Invesco CEF Income Composite ETF buyer in Q1 2023 was Royal Bank of Canada, an estimated $13.3M added.
- The largest Invesco CEF Income Composite ETF seller in Q1 2023 was Rivernorth Capital Management, an estimated $9.13M sold.
Based on aggregated 13F filings for Q1 2023.