Invesco Preferred ETF
318 hedge funds and large institutions have $2.24B invested in Invesco Preferred ETF in 2018 Q3 according to their latest regulatory filings, with 48 funds opening new positions, 104 increasing their positions, 109 reducing their positions, and 44 closing their positions.
1% more funds holding
Funds holding: 314 → 318 (+4)
9% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 44
4% less capital invested
Capital invested by funds: $2.33B → $2.24B (-$92.3M)
5% less repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 109
1.9% less ownership
Funds ownership: 43.77% → 41.87% (-1.9%)
14% less funds holding in top 10
Funds holding in top 10: 14 → 12 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$19.4M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
+$12.4M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$11.2M |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$10.4M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$8.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$104M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$21M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$10.5M |
| 4 |
AP
Advisors Preferred
Rockville,
Maryland
|
-$8.15M |
| 5 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$7.74M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
351
BlackRock
New York
| – | -$28K | -1,955 | Closed |
|
352
William Blair & Company
Chicago,
Illinois
| – | -$27K | -1,870 | Closed |
|
|
MIM
353
Macroview Investment Management
Bethesda,
Maryland
| – | -$25K | -1,721 | Closed |
|
354
AssetMark Inc
Concord,
California
| – | -$22K | -1,510 | Closed |
|
|
BCA
355
Bay Colony Advisors
Concord,
Massachusetts
| – | -$20K | -1,374 | Closed |
|
|
WAM
356
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | -$15K | -1,000 | Closed |
|
|
CPA
357
Clear Perspective Advisors
Aurora,
Illinois
| – | -$9K | -610 | Closed |
|
358
UBS AM
Chicago,
Illinois
| – | -$6.03K | -414 | Closed |
|
|
AWM
359
AllSquare Wealth Management
Albany,
New York
| – | -$3K | -200 | Closed |
|
360
Fidelity Investments
Boston,
Massachusetts
| – | +$58 | +4 | New |
|
PGX Hedge Fund Activity: Q3 2018 in Review
318 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q3 2018, worth a combined $2.24B — down 4% from $2.33B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new PGX positions and 44 closed out — a net gain of 4 holders — while 104 added to existing stakes and 109 trimmed.
The largest buyer was Cambridge Investment Research Advisors, adding an estimated $19.4M. The largest seller was Cohen & Steers, cutting an estimated $104M.
- 318 institutional investors held Invesco Preferred ETF (PGX) as of Q3 2018, up from 314 in Q2 2018.
- Funds reported $2.24B of Invesco Preferred ETF stock for Q3 2018, down 4% quarter-over-quarter.
- 48 funds opened new Invesco Preferred ETF positions in Q3 2018 and 44 closed out, a net change of +4 holders.
- The largest Invesco Preferred ETF buyer in Q3 2018 was Cambridge Investment Research Advisors, an estimated $19.4M added.
- The largest Invesco Preferred ETF seller in Q3 2018 was Cohen & Steers, an estimated $104M sold.
Based on aggregated 13F filings for Q3 2018.