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Invesco Preferred ETF

416 hedge funds and large institutions have $2.45B invested in Invesco Preferred ETF in 2019 Q4 according to their latest regulatory filings, with 88 funds opening new positions, 175 increasing their positions, 90 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

252% more first-time investments, than exits

New positions opened: 88 | Existing positions closed: 25

94% more repeat investments, than reductions

Existing positions increased: 175 | Existing positions reduced: 90

16% more funds holding

Funds holding: 358416 (+58)

8% more capital invested

Capital invested by funds: $2.27B → $2.45B (+$175M)

0.82% more ownership

Funds ownership: 40.84%41.66% (+0.82%)

11% less funds holding in top 10

Funds holding in top 10: 1816 (-2)

Holders
416
Holders Change
+58
Holders Change %
+16.2%
% of All Funds
8.2%
Holding in Top 10
16
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-11.11%
% of All Funds
0.32%
New
88
Increased
175
Reduced
90
Closed
25
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
LTFS
26
Ladenburg Thalmann Financial Services
Florida
$11.5M +$1.78M +119,048 +18%
PT
27
Plimoth Trust
Massachusetts
$11.2M -$22.6K -1,511 -0.2%
BMM
28
Buffington Mohr McNeal
Idaho
$10.4M +$485K +32,510 +5%
FNBTCON
29
First National Bank & Trust Co of Newtown
Pennsylvania
$9.63M -$35.2K -2,355 -0.4%
CG
30
Colony Group
Massachusetts
$9.45M +$5.59M +374,651 +147%
Renaissance Technologies
31
Renaissance Technologies
New York
$9.35M +$3.98M +266,582 +75%
Stifel Financial
32
Stifel Financial
Missouri
$9.08M +$730K +48,921 +9%
TYCC
33
Texas Yale Capital Corp
Florida
$8.66M +$8.61M +576,754 New
CCM
34
Covington Capital Management
California
$8.49M -$18.1K -1,213 -0.2%
RJA
35
Raymond James & Associates
Florida
$7.88M -$96.7K -6,477 -1%
Rockefeller Capital Management
36
Rockefeller Capital Management
New York
$6.75M +$57.1K +3,822 +0.9%
PAG
37
Private Advisor Group
New Jersey
$6.72M -$1.57M -104,984 -19%
AA
38
Apriem Advisors
California
$6.43M +$817K +54,755 +15%
RJFSA
39
Raymond James Financial Services Advisors
Florida
$6.37M +$1.33M +88,782 +26%
FCA
40
FinTrust Capital Advisors
South Carolina
$6.33M +$1.5M +100,180 +31%
ISB
41
Iowa State Bank
Iowa
$5.77M +$407K +27,247 +8%
PA
42
Parkside Advisors
California
$5.38M +$3.86M +258,837 +259%
Mirae Asset Global Investments
43
Mirae Asset Global Investments
South Korea
$5.31M -$2.11M -141,136 -29%
NFG
44
Noven Financial Group
Colorado
$5.25M +$137K +9,175 +3%
CCM
45
Compton Capital Management
Rhode Island
$5.22M +$204K +13,650 +4%
ML
46
McAdam LLC
Pennsylvania
$5.21M +$226K +15,135 +5%
CCG
47
Chatham Capital Group
Georgia
$5.02M
SCP
48
Shorepoint Capital Partners
Massachusetts
$4.96M +$195K +13,055 +4%
Asset Management One
49
Asset Management One
Japan
$4.86M -$269K -18,000 -5%
IA
50
IndexIQ Advisors
New York
$4.71M +$3.28M +219,793 +233%

PGX Hedge Fund Activity: Q4 2019 in Review

416 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q4 2019, worth a combined $2.45B — up 7.7% from $2.27B a quarter earlier.

Buyers outnumbered sellers: 88 funds opened new PGX positions and 25 closed out — a net gain of 63 holders — while 175 added to existing stakes and 90 trimmed.

The largest buyer was Bank of America, adding an estimated $31.9M. The largest seller was Cohen & Steers, cutting an estimated $41.6M.

  • 416 institutional investors held Invesco Preferred ETF (PGX) as of Q4 2019, up from 358 in Q3 2019.
  • Funds reported $2.45B of Invesco Preferred ETF stock for Q4 2019, up 7.7% quarter-over-quarter.
  • 88 funds opened new Invesco Preferred ETF positions in Q4 2019 and 25 closed out, a net change of +63 holders.
  • The largest Invesco Preferred ETF buyer in Q4 2019 was Bank of America, an estimated $31.9M added.
  • The largest Invesco Preferred ETF seller in Q4 2019 was Cohen & Steers, an estimated $41.6M sold.

Based on aggregated 13F filings for Q4 2019.