Invesco Preferred ETF
261 hedge funds and large institutions have $2.2B invested in Invesco Preferred ETF in 2017 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 125 increasing their positions, 58 reducing their positions, and 31 closing their positions.
116% more repeat investments, than reductions
Existing positions increased: 125 | Existing positions reduced: 58
16% more capital invested
Capital invested by funds: $1.9B → $2.2B (+$307M)
6% more funds holding in top 10
Funds holding in top 10: 17 → 18 (+1)
4.42% more ownership
Funds ownership: 36.35% → 40.77% (+4.4%)
3% less funds holding
Funds holding: 269 → 261 (-8)
16% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$255M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$14.6M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$11.2M |
| 4 |
Morgan Stanley
New York
|
+$10.2M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$8.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$9.63M |
| 2 |
VFA
Voya Financial Advisors
Windsor,
Connecticut
|
-$6.08M |
| 3 |
FWM
Frontier Wealth Management
Kansas City,
Missouri
|
-$5.16M |
| 4 |
MSWM
Mader & Shannon Wealth Management
Kansas City,
Missouri
|
-$5.16M |
| 5 |
AIA
Allegis Investment Advisors
Idaho Falls,
Idaho
|
-$4.93M |
PGX Hedge Fund Activity: Q3 2017 in Review
261 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q3 2017, worth a combined $2.2B — up 16% from $1.9B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of PGX and 26 opened new positions — a net loss of 5 holders — while 58 trimmed existing stakes and 125 added.
The largest buyer was Bank of America, adding an estimated $255M. The largest seller was Bank of Montreal, cutting an estimated $9.63M.
- 261 institutional investors held Invesco Preferred ETF (PGX) as of Q3 2017, down from 269 in Q2 2017.
- Funds reported $2.2B of Invesco Preferred ETF stock for Q3 2017, up 16% quarter-over-quarter.
- 26 funds opened new Invesco Preferred ETF positions in Q3 2017 and 31 closed out, a net change of -5 holders.
- The largest Invesco Preferred ETF buyer in Q3 2017 was Bank of America, an estimated $255M added.
- The largest Invesco Preferred ETF seller in Q3 2017 was Bank of Montreal, an estimated $9.63M sold.
Based on aggregated 13F filings for Q3 2017.