Invesco Financial Preferred ETF
PGF
112 hedge funds and large institutions have $178M invested in Invesco Financial Preferred ETF in 2014 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 26 increasing their positions, 39 reducing their positions, and 10 closing their positions.
50% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 10
5% more funds holding
Funds holding: 107 → 112 (+5)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.75% less ownership
Funds ownership: 13.23% → 12.48% (-0.75%)
6% less capital invested
Capital invested by funds: $190M → $178M (-$11.9M)
33% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 39
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $749K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.96M |
| 2 |
VKH
Virtu KCG Holdings
New York
|
+$1.69M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.44M |
| 4 |
William Blair & Company
Chicago,
Illinois
|
+$873K |
| 5 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
+$709K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
-$9.23M |
| 2 |
U
UBS
Zurich,
Switzerland
|
-$5.99M |
| 3 |
BF
BOK Financial
Tulsa,
Oklahoma
|
-$5.94M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.88M |
| 5 |
Nuveen
Charlotte,
North Carolina
|
-$1.82M |
PGF Hedge Fund Activity: Q1 2014 in Review
112 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Invesco Financial Preferred ETF (PGF) for Q1 2014, worth a combined $178M — down 6.3% from $190M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new PGF positions and 10 closed out — a net gain of 5 holders — while 26 added to existing stakes and 39 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $2.96M. The largest seller was Managed Account Advisors, exiting entirely with an estimated $9.23M sold.
- 112 institutional investors held Invesco Financial Preferred ETF (PGF) as of Q1 2014, up from 107 in Q4 2013.
- Funds reported $178M of Invesco Financial Preferred ETF stock for Q1 2014, down 6.3% quarter-over-quarter.
- 15 funds opened new Invesco Financial Preferred ETF positions in Q1 2014 and 10 closed out, a net change of +5 holders.
- The largest Invesco Financial Preferred ETF buyer in Q1 2014 was Royal Bank of Canada, an estimated $2.96M added.
- The largest Invesco Financial Preferred ETF seller in Q1 2014 was Managed Account Advisors, an estimated $9.23M sold.
Based on aggregated 13F filings for Q1 2014.