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Invesco Preferred ETF

232 hedge funds and large institutions have $1.59B invested in Invesco Preferred ETF in 2016 Q4 according to their latest regulatory filings, with 45 funds opening new positions, 73 increasing their positions, 86 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 36

2% more funds holding

Funds holding: 227232 (+5)

3.42% less ownership

Funds ownership: 40.19%36.77% (-3.4%)

15% less repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 86

19% less capital invested

Capital invested by funds: $1.95B → $1.59B (-$362M)

19% less funds holding in top 10

Funds holding in top 10: 1613 (-3)

Holders
232
Holders Change
+5
Holders Change %
+2.2%
% of All Funds
5.8%
Holding in Top 10
13
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-18.75%
% of All Funds
0.33%
New
45
Increased
73
Reduced
86
Closed
36
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
GC
26
Guggenheim Capital
Illinois
$7.84M +$397K +27,279 +5%
PAG
27
Private Advisor Group
New Jersey
$7.34M +$560K +38,408 +8%
GA
28
Geneva Advisors
Illinois
$7.21M -$2.98M -204,526 -29%
CCM
29
Covington Capital Management
California
$6.81M +$566K +38,830 +9%
SAMC
30
Spectrum Asset Management (California)
California
$6.37M -$811K -55,640 -11%
CFA
31
Camarda Financial Advisors
Florida
$6.14M +$707K +48,546 +13%
LTFS
32
Ladenburg Thalmann Financial Services
Florida
$5.8M -$2.13M -146,184 -26%
Carson Wealth (CWM LLC)
33
Carson Wealth (CWM LLC)
Nebraska
$5.75M -$4.33M -296,954 -42%
CCM
34
Compton Capital Management
Rhode Island
$5.13M -$4.89M -335,950 -48%
Prudential Financial
35
Prudential Financial
New Jersey
$5.11M -$19.1M -1,308,700 -78%
MCM
36
MV Capital Management
Maryland
$5.03M -$3.39M -232,789 -40%
FWM
37
FFT Wealth Management
Pennsylvania
$5M +$5.12M +351,531 New
AG
38
Advisor Group
Arizona
$4.92M +$338K +23,192 +7%
RJFSA
39
Raymond James Financial Services Advisors
Florida
$4.33M -$20.4M -1,401,346 -82%
CT
40
Coastline Trust
Rhode Island
$4.16M +$8.74K +600 +0.2%
NDSI
41
Newman Dignan & Sheerar Inc
Rhode Island
$4.08M +$376K +25,792 +10%
VFA
42
Voya Financial Advisors
Connecticut
$4M -$132K -9,048 -3%
BWM
43
BerganKDV Wealth Management
Minnesota
$3.97M +$170K +11,636 +4%
ISB
44
Iowa State Bank
Iowa
$3.96M -$470K -32,284 -10%
Janney Montgomery Scott
45
Janney Montgomery Scott
Pennsylvania
$3.88M -$322K -22,076 -7%
FWM
46
Frontier Wealth Management
Missouri
$3.51M +$875K +60,088 +32%
CCA
47
Clearwater Capital Advisors
Illinois
$3.35M -$531K -36,472 -13%
Stifel Financial
48
Stifel Financial
Missouri
$3.1M +$518K +35,576 +20%
Asset Management One
49
Asset Management One
Japan
$3.09M +$3.16M +217,200 New
ML
50
McAdam LLC
Pennsylvania
$2.95M +$3.02M +207,166 New

PGX Hedge Fund Activity: Q4 2016 in Review

232 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q4 2016, worth a combined $1.59B — down 19% from $1.95B a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new PGX positions and 36 closed out — a net gain of 9 holders — while 73 added to existing stakes and 86 trimmed.

The largest buyer was First Allied Advisory Services, adding an estimated $11.4M. The largest seller was Bank of America, cutting an estimated $75.8M.

  • 232 institutional investors held Invesco Preferred ETF (PGX) as of Q4 2016, up from 227 in Q3 2016.
  • Funds reported $1.59B of Invesco Preferred ETF stock for Q4 2016, down 19% quarter-over-quarter.
  • 45 funds opened new Invesco Preferred ETF positions in Q4 2016 and 36 closed out, a net change of +9 holders.
  • The largest Invesco Preferred ETF buyer in Q4 2016 was First Allied Advisory Services, an estimated $11.4M added.
  • The largest Invesco Preferred ETF seller in Q4 2016 was Bank of America, an estimated $75.8M sold.

Based on aggregated 13F filings for Q4 2016.