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Invesco Preferred ETF

232 hedge funds and large institutions have $1.59B invested in Invesco Preferred ETF in 2016 Q4 according to their latest regulatory filings, with 45 funds opening new positions, 73 increasing their positions, 86 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 36

2% more funds holding

Funds holding: 227232 (+5)

3.42% less ownership

Funds ownership: 40.19%36.77% (-3.4%)

15% less repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 86

19% less capital invested

Capital invested by funds: $1.95B → $1.59B (-$362M)

19% less funds holding in top 10

Funds holding in top 10: 1613 (-3)

Holders
232
Holders Change
+5
Holders Change %
+2.2%
% of All Funds
5.8%
Holding in Top 10
13
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-18.75%
% of All Funds
0.33%
New
45
Increased
73
Reduced
86
Closed
36
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
FMII
226
Farmers & Merchants Investments Inc
Nebraska
$4K
AIM
227
Anchor Investment Management
South Carolina
$3.56K
JCM
228
Jacobi Capital Management
Pennsylvania
$3K
PG
229
Patten Group
Tennessee
$2K
SSB
230
Sandy Spring Bank
Maryland
$2K +$2.02K +139 New
AWM
231
Arbor Wealth Management
Florida
$274 -$95.2K -6,534 -26%
Bessemer Group
232
Bessemer Group
New Jersey
-$15.1M -1,000,000 Closed
FIG
233
FundX Investment Group
California
-$10.5M -694,989 Closed
SIAS
234
Shine Investment Advisory Services
Colorado
-$9.37M -619,435 Closed
YMRC
235
Yorktown Management & Research Company
Virginia
-$7.72M -510,000 Closed
SIA
236
SeaBridge Investment Advisors
New Jersey
-$2.91M -192,465 Closed
ACM
237
Arlington Capital Management
Illinois
-$2.85M -188,259 Closed
ACM
238
Argentus Capital Management
Texas
-$2.79M -184,141 Closed
QA
239
Quantitative Advantage
Minnesota
-$1.6M -106,037 Closed
AG
240
Appleton Group
Wisconsin
-$1.58M -104,577 Closed
NA
241
Navellier & Associates
Nevada
-$1.51M -99,744 Closed
NL
242
NWAM LLC
Washington
-$1.19M -78,932 Closed
CWM
243
Concert Wealth Management
California
-$1.09M -71,787 Closed
JMPWA
244
JP Morgan Private Wealth Advisors
California
-$1.02M -67,500 Closed
KA
245
Kovack Advisors
Florida
-$949K -62,702 Closed
BRWA
246
B. Riley Wealth Advisors
Florida
-$466K -47,520 Closed
UR
247
USCA RIA
Texas
-$485K -32,052 Closed
SP
248
Sarasin & Partners
United Kingdom
-$454K -30,000 Closed
HH
249
HWG Holdings
Texas
-$426K -28,178 Closed
OA
250
Oxbow Advisors
Texas
-$392K -25,900 Closed

PGX Hedge Fund Activity: Q4 2016 in Review

232 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q4 2016, worth a combined $1.59B — down 19% from $1.95B a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new PGX positions and 36 closed out — a net gain of 9 holders — while 73 added to existing stakes and 86 trimmed.

The largest buyer was First Allied Advisory Services, adding an estimated $11.4M. The largest seller was Bank of America, cutting an estimated $75.8M.

  • 232 institutional investors held Invesco Preferred ETF (PGX) as of Q4 2016, up from 227 in Q3 2016.
  • Funds reported $1.59B of Invesco Preferred ETF stock for Q4 2016, down 19% quarter-over-quarter.
  • 45 funds opened new Invesco Preferred ETF positions in Q4 2016 and 36 closed out, a net change of +9 holders.
  • The largest Invesco Preferred ETF buyer in Q4 2016 was First Allied Advisory Services, an estimated $11.4M added.
  • The largest Invesco Preferred ETF seller in Q4 2016 was Bank of America, an estimated $75.8M sold.

Based on aggregated 13F filings for Q4 2016.