Invesco Financial Preferred ETF
PGF
152 hedge funds and large institutions have $279M invested in Invesco Financial Preferred ETF in 2017 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 48 increasing their positions, 51 reducing their positions, and 18 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
6% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 51
1% less ownership
Funds ownership: 17.76% → 16.76% (-1%)
3% less funds holding
Funds holding: 156 → 152 (-4)
8% less capital invested
Capital invested by funds: $303M → $279M (-$23.3M)
17% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$2.28M |
| 2 |
Asset Management One
Tokyo,
Japan
|
+$1.61M |
| 3 |
Wolverine Trading
Chicago,
Illinois
|
+$1.42M |
| 4 |
DIP
DT Investment Partners
Chadds Ford,
Pennsylvania
|
+$1.23M |
| 5 |
PI
PineBridge Investments
New York
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
-$15.7M |
| 2 |
HI
Horizon Investments
Charlotte,
North Carolina
|
-$7.37M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$3.28M |
| 4 |
SG Americas Securities
New York
|
-$3.15M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.73M |
PGF Hedge Fund Activity: Q3 2017 in Review
152 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Invesco Financial Preferred ETF (PGF) for Q3 2017, worth a combined $279M — down 7.7% from $303M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of PGF and 15 opened new positions — a net loss of 3 holders — while 51 trimmed existing stakes and 48 added.
The largest buyer was Commonwealth Equity Services, adding an estimated $2.28M. The largest seller was Aviance Capital Management, cutting an estimated $15.7M.
- 152 institutional investors held Invesco Financial Preferred ETF (PGF) as of Q3 2017, down from 156 in Q2 2017.
- Funds reported $279M of Invesco Financial Preferred ETF stock for Q3 2017, down 7.7% quarter-over-quarter.
- 15 funds opened new Invesco Financial Preferred ETF positions in Q3 2017 and 18 closed out, a net change of -3 holders.
- The largest Invesco Financial Preferred ETF buyer in Q3 2017 was Commonwealth Equity Services, an estimated $2.28M added.
- The largest Invesco Financial Preferred ETF seller in Q3 2017 was Aviance Capital Management, an estimated $15.7M sold.
Based on aggregated 13F filings for Q3 2017.