Invesco Financial Preferred ETF
PGF
158 hedge funds and large institutions have $342M invested in Invesco Financial Preferred ETF in 2016 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 41 increasing their positions, 53 reducing their positions, and 18 closing their positions.
72% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 18
7% more funds holding
Funds holding: 148 → 158 (+10)
2.02% more ownership
Funds ownership: 18.36% → 20.38% (+2%)
2% more capital invested
Capital invested by funds: $334M → $342M (+$7.95M)
23% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 53
89% less call options, than puts
Call options by funds: $214K | Put options by funds: $1.89M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$48.1M |
| 2 |
HI
Horizon Investments
Charlotte,
North Carolina
|
+$21.2M |
| 3 |
Asset Management One
Tokyo,
Japan
|
+$3.17M |
| 4 |
CG
Caprock Group
Boise,
Idaho
|
+$2.71M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SMM
Stadion Money Management
Watkinsville,
Georgia
|
-$16.8M |
| 2 |
Morgan Stanley
New York
|
-$5.88M |
| 3 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$4.76M |
| 4 |
LPL Financial
San Diego,
California
|
-$4.76M |
| 5 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
-$3.8M |
PGF Hedge Fund Activity: Q4 2016 in Review
158 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Invesco Financial Preferred ETF (PGF) for Q4 2016, worth a combined $342M — up 2.4% from $334M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new PGF positions and 18 closed out — a net gain of 13 holders — while 41 added to existing stakes and 53 trimmed.
The largest buyer was Bank of America, adding an estimated $48.1M. The largest seller was Stadion Money Management, exiting entirely with an estimated $16.8M sold.
- 158 institutional investors held Invesco Financial Preferred ETF (PGF) as of Q4 2016, up from 148 in Q3 2016.
- Funds reported $342M of Invesco Financial Preferred ETF stock for Q4 2016, up 2.4% quarter-over-quarter.
- 31 funds opened new Invesco Financial Preferred ETF positions in Q4 2016 and 18 closed out, a net change of +13 holders.
- The largest Invesco Financial Preferred ETF buyer in Q4 2016 was Bank of America, an estimated $48.1M added.
- The largest Invesco Financial Preferred ETF seller in Q4 2016 was Stadion Money Management, an estimated $16.8M sold.
Based on aggregated 13F filings for Q4 2016.