Invesco Preferred ETF
450 hedge funds and large institutions have $2.14B invested in Invesco Preferred ETF in 2025 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 132 increasing their positions, 176 reducing their positions, and 52 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
7% less call options, than puts
Call options by funds: $444K | Put options by funds: $479K
2.11% less ownership
Funds ownership: 53.16% → 51.05% (-2.1%)
5% less funds holding
Funds holding: 473 → 450 (-23)
17% less capital invested
Capital invested by funds: $2.59B → $2.14B (-$453M)
23% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 52
25% less repeat investments, than reductions
Existing positions increased: 132 | Existing positions reduced: 176
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$37.4M |
| 2 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
+$9.84M |
| 3 |
Goldman Sachs
New York
|
+$7.91M |
| 4 |
LOIP
Live Oak Investment Partners
Austin,
Texas
|
+$7.82M |
| 5 |
LPL Financial
San Diego,
California
|
+$5.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$50.7M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$27.2M |
| 3 |
SAMC
Spectrum Asset Management (Connecticut)
Stamford,
Connecticut
|
-$24.7M |
| 4 |
QC
Quadrature Capital
London,
United Kingdom
|
-$15M |
| 5 |
AMG
Advisors Management Group
La Crosse,
Wisconsin
|
-$14.7M |
PGX Hedge Fund Activity: Q1 2025 in Review
450 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q1 2025, worth a combined $2.14B — down 17% from $2.59B a quarter earlier.
Sellers outnumbered buyers: 52 funds closed out of PGX and 40 opened new positions — a net loss of 12 holders — while 176 trimmed existing stakes and 132 added.
The largest buyer was Bank of America, adding an estimated $37.4M. The largest seller was Cohen & Steers, cutting an estimated $50.7M.
- 450 institutional investors held Invesco Preferred ETF (PGX) as of Q1 2025, down from 473 in Q4 2024.
- Funds reported $2.14B of Invesco Preferred ETF stock for Q1 2025, down 17% quarter-over-quarter.
- 40 funds opened new Invesco Preferred ETF positions in Q1 2025 and 52 closed out, a net change of -12 holders.
- The largest Invesco Preferred ETF buyer in Q1 2025 was Bank of America, an estimated $37.4M added.
- The largest Invesco Preferred ETF seller in Q1 2025 was Cohen & Steers, an estimated $50.7M sold.
Based on aggregated 13F filings for Q1 2025.