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Invesco Financial Preferred ETF

170 hedge funds and large institutions have $276M invested in Invesco Financial Preferred ETF in 2019 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 57 increasing their positions, 41 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 13 (+2)

39% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 41

30% more capital invested

Capital invested by funds: $213M → $276M (+$63.3M)

2.47% more ownership

Funds ownership: 15.96%18.42% (+2.5%)

8% less funds holding

Funds holding: 184170 (-14)

37% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 27

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $589K

Holders
170
Holders Change
-14
Holders Change %
-7.61%
% of All Funds
3.69%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.07%
New
17
Increased
57
Reduced
41
Closed
27
Calls
Puts
$589K
Net Calls
-$589K
Net Calls Change
-$359K
Name Holding Trade Value Shares
Change
Change in
Stake
FIA
1
Foundations Investment Advisors
Arizona
$51.2M +$50.5M +2,739,649 +14,060%
Bank of America
2
Bank of America
North Carolina
$31.6M +$6.83M +370,781 +28%
Morgan Stanley
3
Morgan Stanley
New York
$19.5M +$1.92M +104,118 +11%
UBS Group
4
UBS Group
Switzerland
$15.6M +$32.7K +1,777 +0.2%
LPL Financial
5
LPL Financial
California
$12.5M +$103K +5,579 +0.8%
BAAM
6
Baker Avenue Asset Management
California
$8.61M +$856K +46,438 +11%
GI
7
Gradient Investments
Minnesota
$8.44M +$1.78M +96,773 +27%
FCA
8
FinTrust Capital Advisors
South Carolina
$7.26M -$116K -6,291 -2%
DIP
9
DT Investment Partners
Pennsylvania
$6.44M +$658K +35,718 +11%
Wells Fargo
10
Wells Fargo
California
$5.25M +$599K +32,527 +13%
NSIM
11
North Star Investment Management
Illinois
$5.17M +$165K +8,958 +3%
Asset Management One
12
Asset Management One
Japan
$4.67M -$485K -26,300 -9%
AP
13
Appleton Partners
Massachusetts
$3.97M +$48.4K +2,628 +1%
MML Investors Services
14
MML Investors Services
Massachusetts
$3.54M -$68.1K -3,697 -2%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$3.35M -$255K -13,852 -7%
AWS
16
AJ Wealth Strategies
New York
$3.18M +$2.21M +119,987 +228%
LTFS
17
Ladenburg Thalmann Financial Services
Florida
$3.13M +$18.7K +1,015 +0.6%
NC
18
NewSquare Capital
Pennsylvania
$2.78M +$290K +15,735 +12%
RJA
19
Raymond James & Associates
Florida
$2.69M +$150K +8,137 +6%
Goldman Sachs
20
Goldman Sachs
New York
$2.67M +$1.01M +54,822 +61%
AG
21
Advisor Group
Arizona
$2.66M +$45.8K +2,488 +2%
Citadel Advisors
22
Citadel Advisors
Florida
$2.62M -$27.4K -1,489 -1%
Cambridge Investment Research Advisors
23
Cambridge Investment Research Advisors
Iowa
$2.57M -$88.1K -4,781 -3%
Commonwealth Equity Services
24
Commonwealth Equity Services
Massachusetts
$2.52M +$12.7K +691 +0.5%
CL
25
Cabana LLC
Arkansas
$2.42M +$1.92M +104,439 +406%

PGF Hedge Fund Activity: Q2 2019 in Review

170 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Invesco Financial Preferred ETF (PGF) for Q2 2019, worth a combined $276M — up 30% from $213M a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of PGF and 17 opened new positions — a net loss of 10 holders — while 41 trimmed existing stakes and 57 added.

The largest buyer was Foundations Investment Advisors, adding an estimated $50.5M. The largest seller was Joseph P. Lucia & Associates, cutting an estimated $7.05M.

  • 170 institutional investors held Invesco Financial Preferred ETF (PGF) as of Q2 2019, down from 184 in Q1 2019.
  • Funds reported $276M of Invesco Financial Preferred ETF stock for Q2 2019, up 30% quarter-over-quarter.
  • 17 funds opened new Invesco Financial Preferred ETF positions in Q2 2019 and 27 closed out, a net change of -10 holders.
  • The largest Invesco Financial Preferred ETF buyer in Q2 2019 was Foundations Investment Advisors, an estimated $50.5M added.
  • The largest Invesco Financial Preferred ETF seller in Q2 2019 was Joseph P. Lucia & Associates, an estimated $7.05M sold.

Based on aggregated 13F filings for Q2 2019.