Invesco Preferred ETF
242 hedge funds and large institutions have $1.73B invested in Invesco Preferred ETF in 2017 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 88 increasing their positions, 76 reducing their positions, and 23 closing their positions.
52% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 23
16% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 76
15% more funds holding in top 10
Funds holding in top 10: 13 → 15 (+2)
9% more capital invested
Capital invested by funds: $1.59B → $1.73B (+$142M)
4% more funds holding
Funds holding: 232 → 242 (+10)
0.4% more ownership
Funds ownership: 36.77% → 37.17% (+0.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$71.3M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$35.8M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$10.7M |
| 4 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$9.28M |
| 5 |
LPL Financial
San Diego,
California
|
+$6.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$25.5M |
| 2 |
Morgan Stanley
New York
|
-$14.1M |
| 3 |
AWE
Avidian Wealth Enterprises
Houston,
Texas
|
-$11.6M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$7.93M |
| 5 |
GA
Geneva Advisors
Chicago,
Illinois
|
-$5.71M |
PGX Hedge Fund Activity: Q1 2017 in Review
242 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q1 2017, worth a combined $1.73B — up 9% from $1.59B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new PGX positions and 23 closed out — a net gain of 12 holders — while 88 added to existing stakes and 76 trimmed.
The largest buyer was Bank of America, adding an estimated $71.3M. The largest seller was Bank of Montreal, cutting an estimated $25.5M.
- 242 institutional investors held Invesco Preferred ETF (PGX) as of Q1 2017, up from 232 in Q4 2016.
- Funds reported $1.73B of Invesco Preferred ETF stock for Q1 2017, up 9% quarter-over-quarter.
- 35 funds opened new Invesco Preferred ETF positions in Q1 2017 and 23 closed out, a net change of +12 holders.
- The largest Invesco Preferred ETF buyer in Q1 2017 was Bank of America, an estimated $71.3M added.
- The largest Invesco Preferred ETF seller in Q1 2017 was Bank of Montreal, an estimated $25.5M sold.
Based on aggregated 13F filings for Q1 2017.