Invesco Financial Preferred ETF
PGF
128 hedge funds and large institutions have $255M invested in Invesco Financial Preferred ETF in 2016 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 46 increasing their positions, 43 reducing their positions, and 17 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 43
5% less funds holding
Funds holding: 135 → 128 (-7)
5.83% less ownership
Funds ownership: 21.9% → 16.07% (-5.8%)
25% less capital invested
Capital invested by funds: $341M → $255M (-$86.3M)
29% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 17
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $11K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$6.72M |
| 2 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$5.55M |
| 3 |
CG
Colony Group
Boston,
Massachusetts
|
+$2.41M |
| 4 |
LPL Financial
San Diego,
California
|
+$2.26M |
| 5 |
WBG
Wharton Business Group
Malvern,
Pennsylvania
|
+$1.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAS
Sage Advisory Services
Austin,
Texas
|
-$22.8M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$20.4M |
| 3 |
FA
FDx Advisors
Chicago,
Illinois
|
-$17.7M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$14.2M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$6.96M |
PGF Hedge Fund Activity: Q1 2016 in Review
128 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Invesco Financial Preferred ETF (PGF) for Q1 2016, worth a combined $255M — down 25% from $341M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of PGF and 12 opened new positions — a net loss of 5 holders — while 43 trimmed existing stakes and 46 added.
The largest buyer was Morgan Stanley, adding an estimated $6.72M. The largest seller was Sage Advisory Services, exiting entirely with an estimated $22.8M sold.
- 128 institutional investors held Invesco Financial Preferred ETF (PGF) as of Q1 2016, down from 135 in Q4 2015.
- Funds reported $255M of Invesco Financial Preferred ETF stock for Q1 2016, down 25% quarter-over-quarter.
- 12 funds opened new Invesco Financial Preferred ETF positions in Q1 2016 and 17 closed out, a net change of -5 holders.
- The largest Invesco Financial Preferred ETF buyer in Q1 2016 was Morgan Stanley, an estimated $6.72M added.
- The largest Invesco Financial Preferred ETF seller in Q1 2016 was Sage Advisory Services, an estimated $22.8M sold.
Based on aggregated 13F filings for Q1 2016.