Invesco Preferred ETF
166 hedge funds and large institutions have $886M invested in Invesco Preferred ETF in 2014 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 60 increasing their positions, 48 reducing their positions, and 14 closing their positions.
100% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 14
25% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 48
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
8% more funds holding
Funds holding: 153 → 166 (+13)
2% more capital invested
Capital invested by funds: $870M → $886M (+$15.1M)
0.84% less ownership
Funds ownership: 36.01% → 35.17% (-0.84%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $437K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$22.2M |
| 2 |
CNB
City National Bank
Beverly Hills,
California
|
+$17.9M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$17.7M |
| 4 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$11.3M |
| 5 |
MSWM
Mader & Shannon Wealth Management
Kansas City,
Missouri
|
+$6.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$55.2M |
| 2 |
PFG
Piershale Financial Group
Barrington,
Illinois
|
-$14.8M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$5.76M |
| 4 |
VFS
VSR Financial Services
Overland Park,
Kansas
|
-$4.71M |
| 5 |
AIG
American International Group
New York
|
-$2.91M |
PGX Hedge Fund Activity: Q4 2014 in Review
166 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q4 2014, worth a combined $886M — up 1.7% from $870M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new PGX positions and 14 closed out — a net gain of 14 holders — while 60 added to existing stakes and 48 trimmed.
The largest buyer was Wellington Management Group, opening a new position worth an estimated $22.2M. The largest seller was Bank of America, cutting an estimated $55.2M.
- 166 institutional investors held Invesco Preferred ETF (PGX) as of Q4 2014, up from 153 in Q3 2014.
- Funds reported $886M of Invesco Preferred ETF stock for Q4 2014, up 1.7% quarter-over-quarter.
- 28 funds opened new Invesco Preferred ETF positions in Q4 2014 and 14 closed out, a net change of +14 holders.
- The largest Invesco Preferred ETF buyer in Q4 2014 was Wellington Management Group, an estimated $22.2M added.
- The largest Invesco Preferred ETF seller in Q4 2014 was Bank of America, an estimated $55.2M sold.
Based on aggregated 13F filings for Q4 2014.