iShares Preferred and Income Securities ETF
362 hedge funds and large institutions have $2.73B invested in iShares Preferred and Income Securities ETF in 2013 Q4 according to their latest regulatory filings, with 64 funds opening new positions, 76 increasing their positions, 190 reducing their positions, and 45 closing their positions.
42% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 45
4% more funds holding
Funds holding: 348 → 362 (+14)
0% more funds holding in top 10
Funds holding in top 10: 30 → 30 (0)
0.96% less ownership
Funds ownership: 33.08% → 32.12% (-0.96%)
14% less capital invested
Capital invested by funds: $3.16B → $2.73B (-$436M)
60% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 190
66% less call options, than puts
Call options by funds: $2.56M | Put options by funds: $7.54M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$19M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$15M |
| 3 |
SG
Swarthmore Group
Philadelphia,
Pennsylvania
|
+$13.2M |
| 4 |
QI
QS Investors
New York
|
+$12.3M |
| 5 |
Creative Planning
Overland Park,
Kansas
|
+$10.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$44.6M |
| 2 |
CC
Curian Capital
Denver,
Colorado
|
-$39.6M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$34.1M |
| 4 |
U
UBS
Zurich,
Switzerland
|
-$26.9M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$26.9M |
PFF Hedge Fund Activity: Q4 2013 in Review
362 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in iShares Preferred and Income Securities ETF (PFF) for Q4 2013, worth a combined $2.73B — down 14% from $3.16B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new PFF positions and 45 closed out — a net gain of 19 holders — while 76 added to existing stakes and 190 trimmed.
The largest buyer was Managed Account Advisors, opening a new position worth an estimated $19M. The largest seller was Bank of America, cutting an estimated $44.6M.
- 362 institutional investors held iShares Preferred and Income Securities ETF (PFF) as of Q4 2013, up from 348 in Q3 2013.
- Funds reported $2.73B of iShares Preferred and Income Securities ETF stock for Q4 2013, down 14% quarter-over-quarter.
- 64 funds opened new iShares Preferred and Income Securities ETF positions in Q4 2013 and 45 closed out, a net change of +19 holders.
- The largest iShares Preferred and Income Securities ETF buyer in Q4 2013 was Managed Account Advisors, an estimated $19M added.
- The largest iShares Preferred and Income Securities ETF seller in Q4 2013 was Bank of America, an estimated $44.6M sold.
Based on aggregated 13F filings for Q4 2013.