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Invesco Preferred ETF

129 hedge funds and large institutions have $821M invested in Invesco Preferred ETF in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 45 increasing their positions, 51 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more funds holding in top 10

Funds holding in top 10: 79 (+2)

0.27% less ownership

Funds ownership: 36.08%35.81% (-0.27%)

7% less funds holding

Funds holding: 138129 (-9)

11% less capital invested

Capital invested by funds: $922M → $821M (-$100M)

12% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 51

38% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 21

Holders
129
Holders Change
-9
Holders Change %
-6.52%
% of All Funds
4.18%
Holding in Top 10
9
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+28.57%
% of All Funds
0.29%
New
13
Increased
45
Reduced
51
Closed
21
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
FBT
26
Founders Bank & Trust
Michigan
$4.24M -$170K -12,270 -4%
CCB
27
Cutter & Co Brokerage
Missouri
$3.52M -$105K -7,602 -3%
BTS
28
BB&T Securities
Virginia
$3.47M -$385K -27,767 -52%
VFS
29
VSR Financial Services
Kansas
$3.34M +$2.09M +150,879 +162%
SAMC
30
Shinko Asset Management Company
Japan
$3.04M +$616K +44,400 +25%
Goldman Sachs
31
Goldman Sachs
New York
$2.71M -$32.4M -2,338,643 -92%
Commonwealth Equity Services
32
Commonwealth Equity Services
Massachusetts
$2.59M +$20.7K +1,492 +0.8%
LTFS
33
Ladenburg Thalmann Financial Services
Florida
$2.5M +$71.7K +5,167 +3%
MAA
34
Managed Account Advisors
New Jersey
$2.49M +$292K +21,027 +13%
AAS
35
Annex Advisory Services
Wisconsin
$2.48M -$847K -61,047 -25%
SSWM
36
Sheets Smith Wealth Management
North Carolina
$2.44M
Cambridge Investment Research Advisors
37
Cambridge Investment Research Advisors
Iowa
$2M -$289K -20,852 -12%
KFC
38
Klingenstein Fields & Co
New York
$1.99M
B
39
Baird
Wisconsin
$1.97M -$126K -9,101 -6%
HighTower Advisors
40
HighTower Advisors
Illinois
$1.86M +$113K +8,146 +6%
MFS
41
MSI Financial Services
Massachusetts
$1.73M -$262K -18,901 -13%
Deutsche Bank
42
Deutsche Bank
Germany
$1.7M +$956K +68,924 +124%
KIA
43
KCM Investment Advisors
California
$1.66M +$46.7K +3,370 +3%
PWM
44
ParenteBeard Wealth Management
Pennsylvania
$1.66M +$72.6K +5,235 +5%
TFA
45
Toth Financial Advisory
Virginia
$1.54M -$335K -24,125 -18%
VKH
46
Virtu KCG Holdings
New York
$1.5M +$1.52M +109,602 New
NL
47
NWAM LLC
Washington
$1.48M +$60.8K +4,383 +4%
LS
48
Lattice Strategies
Pennsylvania
$1.4M +$139K +10,051 +11%
AIG
49
American International Group
New York
$1.33M +$421K +30,343 +45%
Janney Montgomery Scott
50
Janney Montgomery Scott
Pennsylvania
$1.32M +$1.34M +96,771 New

PGX Hedge Fund Activity: Q3 2013 in Review

129 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q3 2013, worth a combined $821M — down 11% from $922M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of PGX and 13 opened new positions — a net loss of 8 holders — while 51 trimmed existing stakes and 45 added.

The largest buyer was Envestnet Asset Management, adding an estimated $11.9M. The largest seller was Goldman Sachs, cutting an estimated $32.4M.

  • 129 institutional investors held Invesco Preferred ETF (PGX) as of Q3 2013, down from 138 in Q2 2013.
  • Funds reported $821M of Invesco Preferred ETF stock for Q3 2013, down 11% quarter-over-quarter.
  • 13 funds opened new Invesco Preferred ETF positions in Q3 2013 and 21 closed out, a net change of -8 holders.
  • The largest Invesco Preferred ETF buyer in Q3 2013 was Envestnet Asset Management, an estimated $11.9M added.
  • The largest Invesco Preferred ETF seller in Q3 2013 was Goldman Sachs, an estimated $32.4M sold.

Based on aggregated 13F filings for Q3 2013.