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Invesco Preferred ETF

344 hedge funds and large institutions have $1.91B invested in Invesco Preferred ETF in 2018 Q4 according to their latest regulatory filings, with 74 funds opening new positions, 78 increasing their positions, 142 reducing their positions, and 42 closing their positions.

New
Increased
Maintained
Reduced
Closed

76% more first-time investments, than exits

New positions opened: 74 | Existing positions closed: 42

42% more funds holding in top 10

Funds holding in top 10: 1217 (+5)

8% more funds holding

Funds holding: 318344 (+26)

0.65% more ownership

Funds ownership: 41.87%42.52% (+0.65%)

15% less capital invested

Capital invested by funds: $2.24B → $1.91B (-$328M)

45% less repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 142

Holders
344
Holders Change
+26
Holders Change %
+8.18%
% of All Funds
7.66%
Holding in Top 10
17
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+41.67%
% of All Funds
0.38%
New
74
Increased
78
Reduced
142
Closed
42
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BMM
26
Buffington Mohr McNeal
Idaho
$9.19M -$372K -26,974 -4%
CFA
27
Camarda Financial Advisors
Florida
$9.17M -$35.6K -2,581 -0.4%
FNBTCON
28
First National Bank & Trust Co of Newtown
Pennsylvania
$9.1M -$178K -12,905 -2%
Susquehanna International Group
29
Susquehanna International Group
Pennsylvania
$8.08M +$3.97M +288,031 +92%
CCM
30
Covington Capital Management
California
$7.84M -$118K -8,526 -1%
TYCC
31
Texas Yale Capital Corp
Florida
$7.28M +$6.65M +481,937 +822%
SFA
32
Sequoia Financial Advisors
Ohio
$6.73M -$434K -31,444 -6%
LTFS
33
Ladenburg Thalmann Financial Services
Florida
$6.66M -$7.64M -553,524 -53%
AA
34
Apriem Advisors
California
$5.31M -$444K -32,179 -8%
Asset Management One
35
Asset Management One
Japan
$5.21M -$1.07M -77,400 -17%
Citadel Advisors
36
Citadel Advisors
Florida
$5.11M +$4.29M +311,034 +458%
ISB
37
Iowa State Bank
Iowa
$4.35M -$303K -21,995 -6%
NFG
38
Noven Financial Group
Colorado
$4.28M -$1.73M -125,111 -28%
RJFSA
39
Raymond James Financial Services Advisors
Florida
$4.27M -$3.29M -238,739 -43%
Janney Montgomery Scott
40
Janney Montgomery Scott
Pennsylvania
$4.18M -$1.86M -135,151 -30%
PAG
41
Private Advisor Group
New Jersey
$4.17M -$1.44M -104,750 -25%
CCM
42
Compton Capital Management
Rhode Island
$4.14M -$314K -22,800 -7%
Renaissance Technologies
43
Renaissance Technologies
New York
$4.07M +$3.29M +238,604 +376%
GC
44
Guggenheim Capital
Illinois
$3.98M -$90K -6,527 -2%
ML
45
McAdam LLC
Pennsylvania
$3.68M +$165K +11,952 +5%
ACM
46
AlphaStar Capital Management
North Carolina
$3.58M -$846K -61,297 -19%
CCA
47
Clearwater Capital Advisors
Illinois
$3.4M +$133K +9,643 +4%
TF
48
Tompkins Financial
New York
$3.38M -$120K -8,730 -3%
CCG
49
Chatham Capital Group
Georgia
$3.36M +$3.23M +234,100 +1,530%
BOPW
50
Brandywine Oak Private Wealth
Pennsylvania
$3.17M +$3.27M +237,385 New

PGX Hedge Fund Activity: Q4 2018 in Review

344 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q4 2018, worth a combined $1.91B — down 15% from $2.24B a quarter earlier.

Buyers outnumbered sellers: 74 funds opened new PGX positions and 42 closed out — a net gain of 32 holders — while 78 added to existing stakes and 142 trimmed.

The largest buyer was PagnatoKarp Partners, adding an estimated $21.2M. The largest seller was Wells Fargo, cutting an estimated $46.4M.

  • 344 institutional investors held Invesco Preferred ETF (PGX) as of Q4 2018, up from 318 in Q3 2018.
  • Funds reported $1.91B of Invesco Preferred ETF stock for Q4 2018, down 15% quarter-over-quarter.
  • 74 funds opened new Invesco Preferred ETF positions in Q4 2018 and 42 closed out, a net change of +32 holders.
  • The largest Invesco Preferred ETF buyer in Q4 2018 was PagnatoKarp Partners, an estimated $21.2M added.
  • The largest Invesco Preferred ETF seller in Q4 2018 was Wells Fargo, an estimated $46.4M sold.

Based on aggregated 13F filings for Q4 2018.