Invesco Financial Preferred ETF
PGF
161 hedge funds and large institutions have $319M invested in Invesco Financial Preferred ETF in 2019 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 56 increasing their positions, 41 reducing their positions, and 20 closing their positions.
37% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 41
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
16% more capital invested
Capital invested by funds: $276M → $319M (+$42.8M)
2.29% more ownership
Funds ownership: 18.42% → 20.71% (+2.3%)
5% less funds holding
Funds holding: 170 → 161 (-9)
35% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 20
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $550K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CL
Cabana LLC
Fayetteville,
Arkansas
|
+$37M |
| 2 |
CAN
Claraphi Advisory Network
Aliso Viejo,
United States
|
+$6.76M |
| 3 |
Morgan Stanley
New York
|
+$3.29M |
| 4 |
FI
FormulaFolio Investments
Grand Rapids,
Michigan
|
+$3.28M |
| 5 |
AWS
AJ Wealth Strategies
New York
|
+$3.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIA
Foundations Investment Advisors
Phoenix,
Arizona
|
-$18.5M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$2.66M |
| 3 |
Jane Street
New York
|
-$1.25M |
| 4 |
Koshinski Asset Management
Decatur,
Illinois
|
-$1.04M |
| 5 |
GBA
Garrison Bradford & Associates
New York
|
-$820K |
PGF Hedge Fund Activity: Q3 2019 in Review
161 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Invesco Financial Preferred ETF (PGF) for Q3 2019, worth a combined $319M — up 16% from $276M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of PGF and 13 opened new positions — a net loss of 7 holders — while 41 trimmed existing stakes and 56 added.
The largest buyer was Cabana LLC, adding an estimated $37M. The largest seller was Foundations Investment Advisors, cutting an estimated $18.5M.
- 161 institutional investors held Invesco Financial Preferred ETF (PGF) as of Q3 2019, down from 170 in Q2 2019.
- Funds reported $319M of Invesco Financial Preferred ETF stock for Q3 2019, up 16% quarter-over-quarter.
- 13 funds opened new Invesco Financial Preferred ETF positions in Q3 2019 and 20 closed out, a net change of -7 holders.
- The largest Invesco Financial Preferred ETF buyer in Q3 2019 was Cabana LLC, an estimated $37M added.
- The largest Invesco Financial Preferred ETF seller in Q3 2019 was Foundations Investment Advisors, an estimated $18.5M sold.
Based on aggregated 13F filings for Q3 2019.