Invesco Dorsey Wright Financial Momentum ETF
37 hedge funds and large institutions have $44.3M invested in Invesco Dorsey Wright Financial Momentum ETF in 2018 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 3 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
1.35% more ownership
Funds ownership: 61.84% → 63.19% (+1.4%)
3% less funds holding
Funds holding: 38 → 37 (-1)
5% less capital invested
Capital invested by funds: $46.7M → $44.3M (-$2.37M)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$758K |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$537K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$336K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$81.3K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$69.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$1.39M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$762K |
| 3 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
-$624K |
| 4 |
VF
Virtu Financial
New York
|
-$394K |
| 5 |
Morgan Stanley
New York
|
-$371K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $76K | +$63.5K | +1,772 | +440% |
|
|
GT
27
Glenmede Trust
Philadelphia,
Pennsylvania
| $75K | – | – | – |
|
|
ASN
28
Advisory Services Network
Atlanta,
Georgia
| $58K | – | – | – |
|
|
SWM
29
SeaCrest Wealth Management
Purchase,
New York
| $34K | – | – | – |
|
|
FDCDDQ
30
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| $14K | – | – | – |
|
31
Bank of Montreal
Toronto,
Ontario, Canada
| $10K | – | – | – |
|
32
Citigroup
New York
| $9K | – | – | – |
|
|
IA
33
IFP Advisors
Tampa,
Florida
| $7K | – | – | – |
|
34
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $7K | +$36 | +1 | +0.5% |
|
35
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $4K | +$36 | +1 | +0.8% |
|
|
APA
36
American Portfolios Advisors
Holbrook,
New York
| $70 | +$72 | +2 | New |
|
|
37
Baird Financial Group
Milwaukee,
Wisconsin
| – | -$1.39M | -39,606 | Closed |
|
|
VF
38
Virtu Financial
New York
| – | -$394K | -11,228 | Closed |
|
|
GI
39
Gradient Investments
Arden Hills,
Minnesota
| – | -$3K | -74 | Closed |
|
PFI Hedge Fund Activity: Q1 2018 in Review
37 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Invesco Dorsey Wright Financial Momentum ETF (PFI) for Q1 2018, worth a combined $44.3M — down 5.1% from $46.7M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of PFI and 2 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 13 added.
The largest buyer was Private Advisor Group, opening a new position worth an estimated $758K. The largest seller was Baird Financial Group, exiting entirely with an estimated $1.39M sold.
- 37 institutional investors held Invesco Dorsey Wright Financial Momentum ETF (PFI) as of Q1 2018, down from 38 in Q4 2017.
- Funds reported $44.3M of Invesco Dorsey Wright Financial Momentum ETF stock for Q1 2018, down 5.1% quarter-over-quarter.
- 2 funds opened new Invesco Dorsey Wright Financial Momentum ETF positions in Q1 2018 and 3 closed out, a net change of -1 holder.
- The largest Invesco Dorsey Wright Financial Momentum ETF buyer in Q1 2018 was Private Advisor Group, an estimated $758K added.
- The largest Invesco Dorsey Wright Financial Momentum ETF seller in Q1 2018 was Baird Financial Group, an estimated $1.39M sold.
Based on aggregated 13F filings for Q1 2018.