Invesco Financial Preferred ETF
PGF
107 hedge funds and large institutions have $191M invested in Invesco Financial Preferred ETF in 2013 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 20 increasing their positions, 42 reducing their positions, and 13 closing their positions.
85% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 13
8% more funds holding
Funds holding: 99 → 107 (+8)
0.53% more ownership
Funds ownership: 12.7% → 13.23% (+0.53%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% less capital invested
Capital invested by funds: $192M → $191M (-$847K)
52% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 42
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $796K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$9.2M |
| 2 |
WBG
Wharton Business Group
Malvern,
Pennsylvania
|
+$7.82M |
| 3 |
IAS
IMA Advisory Services
Denver,
Colorado
|
+$2.37M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.71M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.96M |
| 2 |
LPL Financial
San Diego,
California
|
-$2.87M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.78M |
| 4 |
U
UBS
Zurich,
Switzerland
|
-$2.34M |
| 5 |
BF
BOK Financial
Tulsa,
Oklahoma
|
-$1.42M |
PGF Hedge Fund Activity: Q4 2013 in Review
107 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Invesco Financial Preferred ETF (PGF) for Q4 2013, worth a combined $191M — down 0.44% from $192M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new PGF positions and 13 closed out — a net gain of 11 holders — while 20 added to existing stakes and 42 trimmed.
The largest buyer was Managed Account Advisors, adding an estimated $9.2M. The largest seller was Morgan Stanley, cutting an estimated $5.96M.
- 107 institutional investors held Invesco Financial Preferred ETF (PGF) as of Q4 2013, up from 99 in Q3 2013.
- Funds reported $191M of Invesco Financial Preferred ETF stock for Q4 2013, down 0.44% quarter-over-quarter.
- 24 funds opened new Invesco Financial Preferred ETF positions in Q4 2013 and 13 closed out, a net change of +11 holders.
- The largest Invesco Financial Preferred ETF buyer in Q4 2013 was Managed Account Advisors, an estimated $9.2M added.
- The largest Invesco Financial Preferred ETF seller in Q4 2013 was Morgan Stanley, an estimated $5.96M sold.
Based on aggregated 13F filings for Q4 2013.