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Invesco Financial Preferred ETF
PGF

135 hedge funds and large institutions have $341M invested in Invesco Financial Preferred ETF in 2015 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 49 increasing their positions, 26 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

155% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 11

92% more capital invested

Capital invested by funds: $178M → $341M (+$163M)

88% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 26

13% more funds holding

Funds holding: 119 → 135 (+16)

9.24% more ownership

Funds ownership: 12.66% → 21.9% (+9.2%)

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
135
Holders Change
+16
Holders Change %
+13.45%
% of All Funds
3.54%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
28
Increased
49
Reduced
26
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LPL Financial
LPL Financial
California
+$23.3M
2
SAS
Sage Advisory Services
Texas
+$22.4M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$21.4M
4
FA
FDx Advisors
Illinois
+$18.5M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$14.2M

Top Sellers

1
BCM
Bluefin Capital Management
New York
-$3.54M
2
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$1.85M
3
GC
Guggenheim Capital
Illinois
-$833K
4
JA
JOYN Advisors
Georgia
-$488K
5
VKH
Virtu KCG Holdings
New York
-$347K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
1
LPL Financial
California
$37.6M +$23.3M +1,256,646 +173%
Morgan Stanley
2
Morgan Stanley
New York
$36.9M +$3.79M +204,564 +12%
Bank of America
3
Bank of America
North Carolina
$35.3M +$10.8M +584,691 +45%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$24M +$21.4M +1,153,414 +963%
SAS
5
Sage Advisory Services
Texas
$22.8M +$22.4M +1,209,761 New
FA
6
FDx Advisors
Illinois
$18.8M +$18.5M +1,000,963 New
Envestnet Asset Management
7
Envestnet Asset Management
Illinois
$15.2M +$14.2M +764,562 +1,822%
SMM
8
Stadion Money Management
Georgia
$14.1M +$13.9M +749,802 New
UBS Group
9
UBS Group
Switzerland
$13.2M +$2.08M +112,366 +19%
GC
10
Guggenheim Capital
Illinois
$9.3M -$833K -44,961 -8%
CS
11
Credit Suisse
Switzerland
$6.96M +$826K +44,584 +14%
BAAM
12
Baker Avenue Asset Management
California
$5.68M +$351K +18,948 +7%
RJA
13
Raymond James & Associates
Florida
$5.56M +$3.71M +200,026 +210%
CIA
14
Capital Investment Advisors
Georgia
$5.21M -$33.9K -1,830 -0.7%
UCFA
15
United Capital Financial Advisors
Texas
$5.18M +$5.1M +275,219 New
NSIM
16
North Star Investment Management
Illinois
$4.09M +$215K +11,577 +6%
KFC
17
Klingenstein Fields & Co
New York
$3.77M +$11.1K +600 +0.3%
PAG
18
Private Advisor Group
New Jersey
$3.54M +$1.98M +106,690 +131%
Commonwealth Equity Services
19
Commonwealth Equity Services
Massachusetts
$3.34M +$255K +13,766 +8%
FIM
20
Freedom Investment Management
Connecticut
$2.73M +$2.36M +127,464 +725%
CAN
21
Cetera Advisor Networks
California
$2.49M +$1.66M +89,561 +210%
Cambridge Investment Research Advisors
22
Cambridge Investment Research Advisors
Iowa
$2.31M +$112K +6,056 +5%
PFS
23
Prospera Financial Services
Texas
$2.3M +$107K +5,750 +5%
BCI
24
Brinker Capital Investments
Pennsylvania
$2.25M – – –
AF
25
Affiance Financial
Minnesota
$2.14M +$245K +13,228 +13%
1
2 3 4 5

PGF Hedge Fund Activity: Q4 2015 in Review

135 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Invesco Financial Preferred ETF (PGF) for Q4 2015, worth a combined $341M — up 92% from $178M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new PGF positions and 11 closed out — a net gain of 17 holders — while 49 added to existing stakes and 26 trimmed.

The largest buyer was LPL Financial, adding an estimated $23.3M. The largest seller was Bluefin Capital Management, exiting entirely with an estimated $3.54M sold.

  • 135 institutional investors held Invesco Financial Preferred ETF (PGF) as of Q4 2015, up from 119 in Q3 2015.
  • Funds reported $341M of Invesco Financial Preferred ETF stock for Q4 2015, up 92% quarter-over-quarter.
  • 28 funds opened new Invesco Financial Preferred ETF positions in Q4 2015 and 11 closed out, a net change of +17 holders.
  • The largest Invesco Financial Preferred ETF buyer in Q4 2015 was LPL Financial, an estimated $23.3M added.
  • The largest Invesco Financial Preferred ETF seller in Q4 2015 was Bluefin Capital Management, an estimated $3.54M sold.

Based on aggregated 13F filings for Q4 2015.