Invesco Financial Preferred ETF
PGF
148 hedge funds and large institutions have $334M invested in Invesco Financial Preferred ETF in 2016 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 59 increasing their positions, 36 reducing their positions, and 8 closing their positions.
238% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 8
64% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 36
18% more capital invested
Capital invested by funds: $284M → $334M (+$50.5M)
13% more funds holding
Funds holding: 131 → 148 (+17)
1.94% more ownership
Funds ownership: 16.42% → 18.36% (+1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
+$28.7M |
| 2 |
HI
Horizon Investments
Charlotte,
North Carolina
|
+$28.4M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$5.32M |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$2.53M |
| 5 |
CG
Caprock Group
Boise,
Idaho
|
+$2.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$25.6M |
| 2 |
UFF
USA Financial Formulas
Ada,
Michigan
|
-$4.02M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.01M |
| 4 |
Jane Street
New York
|
-$1.19M |
| 5 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$963K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MAS
151
Madden Advisory Services
Jacksonville,
Florida
| – | -$612K | -31,895 | Closed |
|
|
NPC
152
National Planning Corporation
El Segundo,
California
| – | -$569K | -29,439 | Closed |
|
|
DP
153
Dearborn Partners
Chicago,
Illinois
| – | -$195K | -10,137 | Closed |
|
|
CB
154
Community Bank
Dewitt,
New York
| – | -$19K | -1,000 | Closed |
|
155
AssetMark Inc
Concord,
California
| – | -$1K | -34 | Closed |
|
PGF Hedge Fund Activity: Q3 2016 in Review
148 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco Financial Preferred ETF (PGF) for Q3 2016, worth a combined $334M — up 18% from $284M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new PGF positions and 8 closed out — a net gain of 19 holders — while 59 added to existing stakes and 36 trimmed.
The largest buyer was Aviance Capital Management, opening a new position worth an estimated $28.7M. The largest seller was Morgan Stanley, cutting an estimated $25.6M.
- 148 institutional investors held Invesco Financial Preferred ETF (PGF) as of Q3 2016, up from 131 in Q2 2016.
- Funds reported $334M of Invesco Financial Preferred ETF stock for Q3 2016, up 18% quarter-over-quarter.
- 27 funds opened new Invesco Financial Preferred ETF positions in Q3 2016 and 8 closed out, a net change of +19 holders.
- The largest Invesco Financial Preferred ETF buyer in Q3 2016 was Aviance Capital Management, an estimated $28.7M added.
- The largest Invesco Financial Preferred ETF seller in Q3 2016 was Morgan Stanley, an estimated $25.6M sold.
Based on aggregated 13F filings for Q3 2016.