Invesco Financial Preferred ETF
PGF
173 hedge funds and large institutions have $361M invested in Invesco Financial Preferred ETF in 2018 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 36 increasing their positions, 64 reducing their positions, and 26 closing their positions.
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
37% more capital invested
Capital invested by funds: $263M → $361M (+$98.3M)
35% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 26
8.94% more ownership
Funds ownership: 15.88% → 24.82% (+8.9%)
4% more funds holding
Funds holding: 167 → 173 (+6)
44% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 64
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$103M |
| 2 |
FIA
Foundations Investment Advisors
Phoenix,
Arizona
|
+$39.2M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.86M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.56M |
| 5 |
Renaissance Technologies
New York
|
+$1.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$23.4M |
| 2 |
WBG
Wharton Business Group
Malvern,
Pennsylvania
|
-$6.95M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.47M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$2.28M |
| 5 |
PI
PFS Investments
Duluth,
Georgia
|
-$1.86M |
PGF Hedge Fund Activity: Q4 2018 in Review
173 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Invesco Financial Preferred ETF (PGF) for Q4 2018, worth a combined $361M — up 37% from $263M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new PGF positions and 26 closed out — a net gain of 9 holders — while 36 added to existing stakes and 64 trimmed.
The largest buyer was Bank of America, adding an estimated $103M. The largest seller was Ameriprise, exiting entirely with an estimated $23.4M sold.
- 173 institutional investors held Invesco Financial Preferred ETF (PGF) as of Q4 2018, up from 167 in Q3 2018.
- Funds reported $361M of Invesco Financial Preferred ETF stock for Q4 2018, up 37% quarter-over-quarter.
- 35 funds opened new Invesco Financial Preferred ETF positions in Q4 2018 and 26 closed out, a net change of +9 holders.
- The largest Invesco Financial Preferred ETF buyer in Q4 2018 was Bank of America, an estimated $103M added.
- The largest Invesco Financial Preferred ETF seller in Q4 2018 was Ameriprise, an estimated $23.4M sold.
Based on aggregated 13F filings for Q4 2018.