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Invesco Financial Preferred ETF

158 hedge funds and large institutions have $342M invested in Invesco Financial Preferred ETF in 2016 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 41 increasing their positions, 53 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

72% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 18

7% more funds holding

Funds holding: 148158 (+10)

2.02% more ownership

Funds ownership: 18.36%20.38% (+2%)

2% more capital invested

Capital invested by funds: $334M → $342M (+$7.95M)

23% less repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 53

89% less call options, than puts

Call options by funds: $214K | Put options by funds: $1.89M

Holders
158
Holders Change
+10
Holders Change %
+6.76%
% of All Funds
3.95%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.05%
New
31
Increased
41
Reduced
53
Closed
18
Calls
$214K
Puts
$1.89M
Net Calls
-$1.67M
Net Calls Change
-$1.94M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$80.8M +$48.1M +2,619,837 +140%
HI
2
Horizon Investments
North Carolina
$47.3M +$21.2M +1,156,441 +78%
Morgan Stanley
3
Morgan Stanley
New York
$25.2M -$5.88M -319,969 -19%
ACM
4
Aviance Capital Management
Florida
$23M -$3.8M -207,089 -14%
UBS Group
5
UBS Group
Switzerland
$18.4M -$2.63M -143,041 -12%
LPL Financial
6
LPL Financial
California
$16.6M -$4.76M -259,266 -22%
BAAM
7
Baker Avenue Asset Management
California
$5.7M +$220K +11,982 +4%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$4.85M -$387K -21,093 -7%
CG
9
Caprock Group
Idaho
$4.63M +$2.71M +147,773 +134%
NSIM
10
North Star Investment Management
Illinois
$4.58M +$6.96K +379 +0.1%
GC
11
Guggenheim Capital
Illinois
$4.41M +$129K +7,010 +3%
Ameriprise
12
Ameriprise
Minnesota
$4M -$240K -13,058 -6%
Commonwealth Equity Services
13
Commonwealth Equity Services
Massachusetts
$3.52M -$310K -16,867 -8%
KFC
14
Klingenstein Fields & Co
New York
$3.49M -$14.7K -800 -0.4%
Envestnet Asset Management
15
Envestnet Asset Management
Illinois
$3.46M +$571K +31,072 +19%
FAN
16
Financial Advisors Network
California
$3.3M +$3.31M +180,293 New
FIM
17
Freedom Investment Management
Connecticut
$3.25M -$93.3K -5,080 -3%
Asset Management One
18
Asset Management One
Japan
$3.1M +$3.17M +172,500 New
WBG
19
Wharton Business Group
Pennsylvania
$2.99M
Cambridge Investment Research Advisors
20
Cambridge Investment Research Advisors
Iowa
$2.66M +$14.3K +781 +0.5%
PAG
21
Private Advisor Group
New Jersey
$2.48M -$776K -42,238 -24%
PFS
22
Prospera Financial Services
Texas
$2.44M -$65.2K -3,549 -3%
CAN
23
Cetera Advisor Networks
California
$2.18M -$2.77M -151,024 -55%
MFS
24
MSI Financial Services
Massachusetts
$2.16M -$3.55M -193,449 -62%
RJA
25
Raymond James & Associates
Florida
$2.15M -$300K -16,341 -12%

PGF Hedge Fund Activity: Q4 2016 in Review

158 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Invesco Financial Preferred ETF (PGF) for Q4 2016, worth a combined $342M — up 2.4% from $334M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new PGF positions and 18 closed out — a net gain of 13 holders — while 41 added to existing stakes and 53 trimmed.

The largest buyer was Bank of America, adding an estimated $48.1M. The largest seller was Stadion Money Management, exiting entirely with an estimated $16.8M sold.

  • 158 institutional investors held Invesco Financial Preferred ETF (PGF) as of Q4 2016, up from 148 in Q3 2016.
  • Funds reported $342M of Invesco Financial Preferred ETF stock for Q4 2016, up 2.4% quarter-over-quarter.
  • 31 funds opened new Invesco Financial Preferred ETF positions in Q4 2016 and 18 closed out, a net change of +13 holders.
  • The largest Invesco Financial Preferred ETF buyer in Q4 2016 was Bank of America, an estimated $48.1M added.
  • The largest Invesco Financial Preferred ETF seller in Q4 2016 was Stadion Money Management, an estimated $16.8M sold.

Based on aggregated 13F filings for Q4 2016.