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Invesco Financial Preferred ETF

173 hedge funds and large institutions have $360M 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, 63 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more funds holding in top 10

Funds holding in top 10: 14 (+3)

37% more capital invested

Capital invested by funds: $262M → $360M (+$97.9M)

35% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 26

8.98% more ownership

Funds ownership: 15.84%24.82% (+9%)

4% more funds holding

Funds holding: 167173 (+6)

43% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 63

Holders
173
Holders Change
+6
Holders Change %
+3.59%
% of All Funds
3.85%
Holding in Top 10
4
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+300%
% of All Funds
0.09%
New
35
Increased
36
Reduced
63
Closed
26
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$130M +$103M +5,834,432 +347%
FIA
2
Foundations Investment Advisors
Arizona
$40.2M +$39.2M +2,222,499 New
Morgan Stanley
3
Morgan Stanley
New York
$18.6M -$1.08M -61,094 -5%
CFG
4
CNO Financial Group
Indiana
$17.4M
UBS Group
5
UBS Group
Switzerland
$14.7M +$1.56M +88,587 +12%
LPL Financial
6
LPL Financial
California
$11.8M -$1.38M -78,222 -10%
FCA
7
FinTrust Capital Advisors
South Carolina
$7.77M +$7.9M +447,511 New
BAAM
8
Baker Avenue Asset Management
California
$7.16M +$485K +27,514 +7%
DIP
9
DT Investment Partners
Pennsylvania
$5.08M -$26.4K -1,499 -0.5%
Asset Management One
10
Asset Management One
Japan
$4.93M -$1.07M -60,500 -18%
PI
11
PFS Investments
Georgia
$4.92M -$1.86M -105,596 -28%
NSIM
12
North Star Investment Management
Illinois
$4.49M -$881K -49,943 -16%
AP
13
Appleton Partners
Massachusetts
$3.81M -$401K -22,700 -9%
Envestnet Asset Management
14
Envestnet Asset Management
Illinois
$3.73M +$1.86M +105,415 +96%
MML Investors Services
15
MML Investors Services
Massachusetts
$3.32M -$85.8K -4,864 -2%
Wells Fargo
16
Wells Fargo
California
$3.22M -$2.28M -129,045 -41%
AG
17
Advisor Group
Arizona
$3.2M +$384K +21,779 +13%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$3.09M -$2.47M -139,821 -44%
LTFS
19
Ladenburg Thalmann Financial Services
Florida
$2.95M +$53.2K +3,014 +2%
Wolverine Trading
20
Wolverine Trading
Illinois
$2.95M +$1.19M +67,481 +65%
GC
21
Guggenheim Capital
Illinois
$2.92M -$16.8K -954 -0.6%
FAN
22
Financial Advisors Network
California
$2.48M +$2.52M +143,012 New
RJA
23
Raymond James & Associates
Florida
$2.43M +$13.8K +783 +0.6%
Cambridge Investment Research Advisors
24
Cambridge Investment Research Advisors
Iowa
$2.4M -$489K -27,717 -17%
Commonwealth Equity Services
25
Commonwealth Equity Services
Massachusetts
$2.32M -$148K -8,362 -6%

PGF Hedge Fund Activity: Q4 2018 in Review

173 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Invesco Financial Preferred ETF (PGF) for Q4 2018, worth a combined $360M — up 37% from $262M 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 63 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 $360M 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.