Invesco Preferred ETF
416 hedge funds and large institutions have $2.45B invested in Invesco Preferred ETF in 2019 Q4 according to their latest regulatory filings, with 88 funds opening new positions, 175 increasing their positions, 90 reducing their positions, and 25 closing their positions.
252% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 25
94% more repeat investments, than reductions
Existing positions increased: 175 | Existing positions reduced: 90
16% more funds holding
Funds holding: 358 → 416 (+58)
8% more capital invested
Capital invested by funds: $2.27B → $2.45B (+$175M)
0.82% more ownership
Funds ownership: 40.84% → 41.66% (+0.82%)
11% less funds holding in top 10
Funds holding in top 10: 18 → 16 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$31.9M |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
+$26.7M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$24M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$22.4M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$17.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$41.6M |
| 2 |
TLP
Trinity Legacy Partners
Houston,
Texas
|
-$29.9M |
| 3 |
Goldman Sachs
New York
|
-$6.52M |
| 4 |
Jane Street
New York
|
-$4.99M |
| 5 |
FF
Friedenthal Financial
Marlton,
New Jersey
|
-$4.18M |
PGX Hedge Fund Activity: Q4 2019 in Review
416 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q4 2019, worth a combined $2.45B — up 7.7% from $2.27B a quarter earlier.
Buyers outnumbered sellers: 88 funds opened new PGX positions and 25 closed out — a net gain of 63 holders — while 175 added to existing stakes and 90 trimmed.
The largest buyer was Bank of America, adding an estimated $31.9M. The largest seller was Cohen & Steers, cutting an estimated $41.6M.
- 416 institutional investors held Invesco Preferred ETF (PGX) as of Q4 2019, up from 358 in Q3 2019.
- Funds reported $2.45B of Invesco Preferred ETF stock for Q4 2019, up 7.7% quarter-over-quarter.
- 88 funds opened new Invesco Preferred ETF positions in Q4 2019 and 25 closed out, a net change of +63 holders.
- The largest Invesco Preferred ETF buyer in Q4 2019 was Bank of America, an estimated $31.9M added.
- The largest Invesco Preferred ETF seller in Q4 2019 was Cohen & Steers, an estimated $41.6M sold.
Based on aggregated 13F filings for Q4 2019.