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Invesco Dorsey Wright Momentum ETF
PDP

65 hedge funds and large institutions have $622M invested in Invesco Dorsey Wright Momentum ETF in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 32 increasing their positions, 19 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

68% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 19

22% more capital invested

Capital invested by funds: $508M → $622M (+$114M)

1.57% less ownership

Funds ownership: 58.58% → 57.02% (-1.6%)

7% less funds holding

Funds holding: 70 → 65 (-5)

38% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 13

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
65
Holders Change
-5
Holders Change %
-7.14%
% of All Funds
2.11%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
8
Increased
32
Reduced
19
Closed
13
Calls
$352K
Puts
–
Net Calls
+$352K
Net Calls Change
+$352K

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$9.82M
2
LPL Financial
LPL Financial
California
+$8.47M
3
Wells Fargo
Wells Fargo
California
+$5.69M
4
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$3.54M
5
U
UBS
Switzerland
+$3.53M

Top Sellers

Rank Fund Capital Flow
1
RJFSA
Raymond James Financial Services Advisors
Florida
-$19.9M
2
RIG
RiverFront Investment Group
Virginia
-$15.8M
3
RJA
Raymond James & Associates
Florida
-$9.72M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.24M
5
Morgan Stanley
Morgan Stanley
New York
-$1.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
William Blair & Company
26
William Blair & Company
Illinois
$2.23M +$72.9K +2,215 +3%
WA
27
WESPAC Advisors
California
$1.93M +$67.3K +2,044 +4%
DADC
28
D.A. Davidson & Co
Montana
$1.73M -$38.6K -1,172 -2%
CWM
29
Concert Wealth Management
California
$1.7M +$21.3K +648 +1%
JP Morgan Chase
30
JP Morgan Chase
New York
$1.5M +$158K +4,799 +12%
Bank of Montreal
31
Bank of Montreal
Ontario, Canada
$1.36M +$28.4K +861 +2%
NPC
32
National Planning Corporation
California
$1.31M -$135K -4,100 -10%
MFS
33
MSI Financial Services
Massachusetts
$1.04M +$186K +5,645 +23%
HFS
34
HL Financial Services
Kentucky
$1.02M +$243K +7,393 +33%
Citigroup
35
Citigroup
New York
$867K +$198K +6,004 +31%
FAAS
36
First Allied Advisory Services
California
$854K -$807K -24,512 -49%
SAG
37
Sterne Agee Group
Alabama
$622K +$32.4K +985 +6%
MCC
38
Mid Continent Capital
Illinois
$614K +$282K +8,550 +89%
CFB
39
Cullen/Frost Bankers
Texas
$600K – – –
PI
40
Placemark Investments
Illinois
$597K -$267K -8,099 -31%
VFS
41
VSR Financial Services
Kansas
$554K +$101K +3,082 +23%
SI
42
Stephens Inc
Arkansas
$549K +$272K +8,256 +104%
FHC
43
First Heartland Consultants
Missouri
$489K -$34.1K -1,037 -7%
TU
44
TDAM USA
Ontario, Canada
$458K +$446K +13,545 New
ICAS
45
Investors Capital Advisory Services
Massachusetts
$343K -$44.5K -1,350 -12%
TH
46
Timber Hill
Connecticut
$324K -$13.2K -400 -4%
SC
47
Scotia Capital
Ontario, Canada
$308K +$75.7K +2,300 +34%
BAS
48
Brown Advisory Securities
Maryland
$304K – – –
WA
49
WFG Advisors
Texas
$301K +$59.3K +1,800 +25%
RJT
50
Raymond James Trust
Florida
$298K -$65.6K -1,991 -18%
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PDP Hedge Fund Activity: Q3 2013 in Review

65 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Invesco Dorsey Wright Momentum ETF (PDP) for Q3 2013, worth a combined $622M — up 22% from $508M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of PDP and 8 opened new positions — a net loss of 5 holders — while 19 trimmed existing stakes and 32 added.

The largest buyer was Royal Bank of Canada, adding an estimated $9.82M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $19.9M.

  • 65 institutional investors held Invesco Dorsey Wright Momentum ETF (PDP) as of Q3 2013, down from 70 in Q2 2013.
  • Funds reported $622M of Invesco Dorsey Wright Momentum ETF stock for Q3 2013, up 22% quarter-over-quarter.
  • 8 funds opened new Invesco Dorsey Wright Momentum ETF positions in Q3 2013 and 13 closed out, a net change of -5 holders.
  • The largest Invesco Dorsey Wright Momentum ETF buyer in Q3 2013 was Royal Bank of Canada, an estimated $9.82M added.
  • The largest Invesco Dorsey Wright Momentum ETF seller in Q3 2013 was Raymond James Financial Services Advisors, an estimated $19.9M sold.

Based on aggregated 13F filings for Q3 2013.