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Invesco Preferred ETF

153 hedge funds and large institutions have $870M invested in Invesco Preferred ETF in 2014 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 67 increasing their positions, 42 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 10

60% more repeat investments, than reductions

Existing positions increased: 67 | Existing positions reduced: 42

9% more capital invested

Capital invested by funds: $799M → $870M (+$71.5M)

3% more funds holding

Funds holding: 148153 (+5)

1.61% more ownership

Funds ownership: 34.39%36.01% (+1.6%)

14% less funds holding in top 10

Funds holding in top 10: 76 (-1)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $474K

Holders
153
Holders Change
+5
Holders Change %
+3.38%
% of All Funds
4.44%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.17%
New
16
Increased
67
Reduced
42
Closed
10
Calls
Puts
$474K
Net Calls
-$474K
Net Calls Change
-$244K
Name Holding Trade Value Shares
Change
Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$5.26M +$1.23M +84,901 +30%
LTFS
27
Ladenburg Thalmann Financial Services
Florida
$4.95M +$1.52M +104,954 +44%
KIA
28
KCM Investment Advisors
California
$4.83M +$758K +52,234 +19%
CCM
29
Compton Capital Management
Rhode Island
$4.48M -$286K -19,700 -6%
CCM
30
Covington Capital Management
California
$3.86M +$427K +29,416 +12%
AIG
31
American International Group
New York
$3.71M +$2.91M +200,482 +356%
ISB
32
Iowa State Bank
Iowa
$3.65M -$30.6K -2,110 -0.8%
FMB
33
Field & Main Bank
Kentucky
$3.4M +$31.9K +2,200 +0.9%
CT
34
Coastline Trust
Rhode Island
$3.33M +$21.8K +1,500 +0.7%
FAAS
35
First Allied Advisory Services
California
$2.76M +$1.5M +103,679 +119%
Janney Montgomery Scott
36
Janney Montgomery Scott
Pennsylvania
$2.57M +$37.7K +2,598 +1%
HW
37
Hancock Whitney
Mississippi
$2.54M
Cambridge Investment Research Advisors
38
Cambridge Investment Research Advisors
Iowa
$2.41M +$497K +34,244 +26%
CCB
39
Cutter & Co Brokerage
Missouri
$2.38M -$125K -8,599 -5%
KFC
40
Klingenstein Fields & Co
New York
$2.18M -$46.4K -3,200 -2%
PAG
41
Private Advisor Group
New Jersey
$1.98M +$571K +39,375 +40%
TF
42
Tompkins Financial
New York
$1.9M -$595K -41,010 -24%
TWM
43
Torch Wealth Management
Ohio
$1.88M +$3.42K +236 +0.2%
QA
44
Quantitative Advantage
Minnesota
$1.82M -$100K -6,898 -5%
MFS
45
MSI Financial Services
Massachusetts
$1.76M +$38.6K +2,663 +2%
CWM
46
Cabot Wealth Management
Massachusetts
$1.7M -$31.9K -2,200 -2%
SAMC
47
Shinko Asset Management Company
Japan
$1.67M -$563K -38,800 -25%
SSWM
48
Sheets Smith Wealth Management
North Carolina
$1.64M -$939K -64,700 -36%
PWM
49
ParenteBeard Wealth Management
Pennsylvania
$1.6M -$3.09K -213 -0.2%
CIBC World Market
50
CIBC World Market
Ontario, Canada
$1.44M -$34.8K -2,396 -2%

PGX Hedge Fund Activity: Q3 2014 in Review

153 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q3 2014, worth a combined $870M — up 9% from $799M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new PGX positions and 10 closed out — a net gain of 6 holders — while 67 added to existing stakes and 42 trimmed.

The largest buyer was Wells Fargo, adding an estimated $32.2M. The largest seller was Weatherstone Capital Management, exiting entirely with an estimated $11.3M sold.

  • 153 institutional investors held Invesco Preferred ETF (PGX) as of Q3 2014, up from 148 in Q2 2014.
  • Funds reported $870M of Invesco Preferred ETF stock for Q3 2014, up 9% quarter-over-quarter.
  • 16 funds opened new Invesco Preferred ETF positions in Q3 2014 and 10 closed out, a net change of +6 holders.
  • The largest Invesco Preferred ETF buyer in Q3 2014 was Wells Fargo, an estimated $32.2M added.
  • The largest Invesco Preferred ETF seller in Q3 2014 was Weatherstone Capital Management, an estimated $11.3M sold.

Based on aggregated 13F filings for Q3 2014.