Invesco Financial Preferred ETF
PGF
184 hedge funds and large institutions have $213M invested in Invesco Financial Preferred ETF in 2019 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 48 increasing their positions, 59 reducing their positions, and 17 closing their positions.
76% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 17
6% more funds holding
Funds holding: 173 → 184 (+11)
8.87% less ownership
Funds ownership: 24.82% → 15.96% (-8.9%)
19% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 59
41% less capital invested
Capital invested by funds: $360M → $213M (-$147M)
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $230K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
+$6.53M |
| 2 |
Jane Street
New York
|
+$3.33M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$2.6M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$1.34M |
| 5 |
Goldman Sachs
New York
|
+$1.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$112M |
| 2 |
FIA
Foundations Investment Advisors
Phoenix,
Arizona
|
-$39.8M |
| 3 |
CFG
CNO Financial Group
Carmel,
Indiana
|
-$17.4M |
| 4 |
PI
PFS Investments
Duluth,
Georgia
|
-$4.92M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2.74M |
PGF Hedge Fund Activity: Q1 2019 in Review
184 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Invesco Financial Preferred ETF (PGF) for Q1 2019, worth a combined $213M — down 41% from $360M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new PGF positions and 17 closed out — a net gain of 13 holders — while 48 added to existing stakes and 59 trimmed.
The largest buyer was Gradient Investments, opening a new position worth an estimated $6.53M. The largest seller was Bank of America, cutting an estimated $112M.
- 184 institutional investors held Invesco Financial Preferred ETF (PGF) as of Q1 2019, up from 173 in Q4 2018.
- Funds reported $213M of Invesco Financial Preferred ETF stock for Q1 2019, down 41% quarter-over-quarter.
- 30 funds opened new Invesco Financial Preferred ETF positions in Q1 2019 and 17 closed out, a net change of +13 holders.
- The largest Invesco Financial Preferred ETF buyer in Q1 2019 was Gradient Investments, an estimated $6.53M added.
- The largest Invesco Financial Preferred ETF seller in Q1 2019 was Bank of America, an estimated $112M sold.
Based on aggregated 13F filings for Q1 2019.