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Invesco Financial Preferred ETF
PGF

170 hedge funds and large institutions have $276M invested in Invesco Financial Preferred ETF in 2019 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 57 increasing their positions, 41 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

39% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 41

30% more capital invested

Capital invested by funds: $213M → $276M (+$63.3M)

2.47% more ownership

Funds ownership: 15.96% → 18.42% (+2.5%)

8% less funds holding

Funds holding: 184 → 170 (-14)

37% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 27

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $589K

Holders
170
Holders Change
-14
Holders Change %
-7.61%
% of All Funds
3.69%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.07%
New
17
Increased
57
Reduced
41
Closed
27
Calls
–
Puts
$589K
Net Calls
-$589K
Net Calls Change
-$359K

Top Buyers

1
FIA
Foundations Investment Advisors
Arizona
+$50.5M
2
Bank of America
Bank of America
North Carolina
+$6.83M
3
CAN
Claraphi Advisory Network
United States
+$2.29M
4
AWS
AJ Wealth Strategies
New York
+$2.21M
5
CL
Cabana LLC
Arkansas
+$1.92M

Top Sellers

1
JPLA
Joseph P. Lucia & Associates
New York
-$7.05M
2
Renaissance Technologies
Renaissance Technologies
New York
-$2.22M
3
Jane Street
Jane Street
New York
-$2.14M
4
AWM
AE Wealth Management
Kansas
-$1.47M
5
SS
Simplicity Solutions
Minnesota
-$1.47M
Name Holding Trade Value Shares
Change 		Change in
Stake
JA
76
JOYN Advisors
Georgia
$434K – – –
Janney Montgomery Scott
77
Janney Montgomery Scott
Pennsylvania
$433K +$94.8K +5,147 +28%
FAAS
78
First Allied Advisory Services
California
$424K +$29.7K +1,613 +8%
EWM
79
Endurance Wealth Management
Rhode Island
$421K – – –
AWM
80
Affinity Wealth Management
Delaware
$412K -$10.9K -589 -3%
PAG
81
Private Advisor Group
New Jersey
$381K -$1.86K -101 -0.5%
SFM
82
Signet Financial Management
New Jersey
$368K -$127K -6,885 -26%
FMWA
83
Forvis Mazars Wealth Advisors
Missouri
$363K – – –
WS
84
Wedbush Securities
California
$359K +$31.2K +1,693 +10%
SPC
85
Sigma Planning Corp
Michigan
$354K +$1.33K +72 +0.4%
NEPWA
86
New England Private Wealth Advisors
Massachusetts
$354K +$185K +10,017 +89%
JP Morgan Chase
87
JP Morgan Chase
New York
$344K -$10.1K -547 -3%
NNP
88
Nachman Norwood & Parrott
South Carolina
$334K – – –
BW
89
Bison Wealth
Georgia
$322K – – –
DP
90
Dearborn Partners
Illinois
$320K -$14.7K -800 -4%
IWA
91
IBEX Wealth Advisors
New Jersey
$314K +$1.77K +96 +0.6%
WA
92
WBH Advisory
Maryland
$312K +$221 +12 +0.1%
CAPTRUST Financial Advisors
93
CAPTRUST Financial Advisors
North Carolina
$304K – – –
AFM
94
Abbot Financial Management
Massachusetts
$289K – – –
ONB
95
Old National Bancorp
Indiana
$284K – – –
PFA
96
Paradigm Financial Advisors
Missouri
$274K +$274K +14,858 New
US Bancorp
97
US Bancorp
Minnesota
$265K – – –
AF
98
Affiance Financial
Minnesota
$261K -$17.4K -945 -6%
CHA
99
Carmichael Hill & Associates
Maryland
$259K – – –
MIAN
100
Mariner Independent Advisor Network
Kansas
$254K – – –
2 3
4
5 6

PGF Hedge Fund Activity: Q2 2019 in Review

170 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Invesco Financial Preferred ETF (PGF) for Q2 2019, worth a combined $276M — up 30% from $213M a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of PGF and 17 opened new positions — a net loss of 10 holders — while 41 trimmed existing stakes and 57 added.

The largest buyer was Foundations Investment Advisors, adding an estimated $50.5M. The largest seller was Joseph P. Lucia & Associates, cutting an estimated $7.05M.

  • 170 institutional investors held Invesco Financial Preferred ETF (PGF) as of Q2 2019, down from 184 in Q1 2019.
  • Funds reported $276M of Invesco Financial Preferred ETF stock for Q2 2019, up 30% quarter-over-quarter.
  • 17 funds opened new Invesco Financial Preferred ETF positions in Q2 2019 and 27 closed out, a net change of -10 holders.
  • The largest Invesco Financial Preferred ETF buyer in Q2 2019 was Foundations Investment Advisors, an estimated $50.5M added.
  • The largest Invesco Financial Preferred ETF seller in Q2 2019 was Joseph P. Lucia & Associates, an estimated $7.05M sold.

Based on aggregated 13F filings for Q2 2019.