Invesco Dorsey Wright Financial Momentum ETF
26 hedge funds and large institutions have $12M invested in Invesco Dorsey Wright Financial Momentum ETF in 2020 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 3 increasing their positions, 11 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
4% more funds holding
Funds holding: 25 → 26 (+1)
67% less capital invested
Capital invested by funds: $36.5M → $12M (-$24.5M)
73% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 11
89.56% less ownership
Funds ownership: 132.7% → 43.14% (-90%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$762K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$632K |
| 3 |
EP
Eudaimonia Partners
Winchester,
Tennessee
|
+$61.9K |
| 4 |
AA
Advisory Alpha
Holland,
Michigan
|
+$58.4K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$13.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$25.6M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$772K |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$649K |
| 4 |
Morgan Stanley
New York
|
-$450K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$299K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PFGIA
26
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| $4K | +$37 | +1 | +1% |
|
27
Ameriprise
Minneapolis,
Minnesota
| – | -$231K | -6,729 | Closed |
|
|
PAG
28
Private Advisor Group
Morristown,
New Jersey
| – | -$213K | -6,193 | Closed |
|
|
TFA
29
Transamerica Financial Advisors
St. Petersburg,
Florida
| – | -$18K | -517 | Closed |
|
30
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$7K | -198 | Closed |
|
PFI Hedge Fund Activity: Q3 2020 in Review
26 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Invesco Dorsey Wright Financial Momentum ETF (PFI) for Q3 2020, worth a combined $12M — down 67% from $36.5M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PFI positions and 4 closed out — a net gain of 1 holder — while 3 added to existing stakes and 11 trimmed.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $762K. The largest seller was Citigroup, cutting an estimated $25.6M.
- 26 institutional investors held Invesco Dorsey Wright Financial Momentum ETF (PFI) as of Q3 2020, up from 25 in Q2 2020.
- Funds reported $12M of Invesco Dorsey Wright Financial Momentum ETF stock for Q3 2020, down 67% quarter-over-quarter.
- 5 funds opened new Invesco Dorsey Wright Financial Momentum ETF positions in Q3 2020 and 4 closed out, a net change of +1 holder.
- The largest Invesco Dorsey Wright Financial Momentum ETF buyer in Q3 2020 was Citadel Advisors, an estimated $762K added.
- The largest Invesco Dorsey Wright Financial Momentum ETF seller in Q3 2020 was Citigroup, an estimated $25.6M sold.
Based on aggregated 13F filings for Q3 2020.