Invesco Financial Preferred ETF
PGF
174 hedge funds and large institutions have $185M invested in Invesco Financial Preferred ETF in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 38 increasing their positions, 67 reducing their positions, and 17 closing their positions.
636% more call options, than puts
Call options by funds: $405K | Put options by funds: $55K
2.85% less ownership
Funds ownership: 22.58% → 19.73% (-2.8%)
4% less funds holding
Funds holding: 182 → 174 (-8)
12% less capital invested
Capital invested by funds: $211M → $185M (-$25.9M)
29% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 17
43% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 67
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RH
RFG Holdings
Argyle,
Texas
|
+$13M |
| 2 |
EW
Evoke Wealth
Los Angeles,
California
|
+$3.36M |
| 3 |
LPL Financial
San Diego,
California
|
+$2.45M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$884K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$455K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$31.4M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$6.74M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$1.86M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.62M |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$1.34M |
PGF Hedge Fund Activity: Q1 2024 in Review
174 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Invesco Financial Preferred ETF (PGF) for Q1 2024, worth a combined $185M — down 12% from $211M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of PGF and 12 opened new positions — a net loss of 5 holders — while 67 trimmed existing stakes and 38 added.
The largest buyer was RFG Holdings, opening a new position worth an estimated $13M. The largest seller was Morgan Stanley, cutting an estimated $31.4M.
- 174 institutional investors held Invesco Financial Preferred ETF (PGF) as of Q1 2024, down from 182 in Q4 2023.
- Funds reported $185M of Invesco Financial Preferred ETF stock for Q1 2024, down 12% quarter-over-quarter.
- 12 funds opened new Invesco Financial Preferred ETF positions in Q1 2024 and 17 closed out, a net change of -5 holders.
- The largest Invesco Financial Preferred ETF buyer in Q1 2024 was RFG Holdings, an estimated $13M added.
- The largest Invesco Financial Preferred ETF seller in Q1 2024 was Morgan Stanley, an estimated $31.4M sold.
Based on aggregated 13F filings for Q1 2024.