Invesco Preferred ETF
414 hedge funds and large institutions have $2.35B invested in Invesco Preferred ETF in 2020 Q2 according to their latest regulatory filings, with 61 funds opening new positions, 147 increasing their positions, 130 reducing their positions, and 46 closing their positions.
36% more call options, than puts
Call options by funds: $395K | Put options by funds: $291K
33% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 46
13% more repeat investments, than reductions
Existing positions increased: 147 | Existing positions reduced: 130
9% more capital invested
Capital invested by funds: $2.15B → $2.35B (+$202M)
2% more funds holding
Funds holding: 404 → 414 (+10)
0.15% more ownership
Funds ownership: 41.6% → 41.75% (+0.15%)
10% less funds holding in top 10
Funds holding in top 10: 21 → 19 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HI
Horizon Investments
Charlotte,
North Carolina
|
+$35M |
| 2 |
HCM
Hilton Capital Management
Garden City,
New York
|
+$33.4M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$26.3M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$21.3M |
| 5 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$18.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SS
Sunbelt Securities
Houston,
Texas
|
-$69M |
| 2 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
-$18.8M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$10.2M |
| 4 |
CG
Colony Group
Boston,
Massachusetts
|
-$9.97M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$8.43M |
PGX Hedge Fund Activity: Q2 2020 in Review
414 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q2 2020, worth a combined $2.35B — up 9.4% from $2.15B a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new PGX positions and 46 closed out — a net gain of 15 holders — while 147 added to existing stakes and 130 trimmed.
The largest buyer was Horizon Investments, adding an estimated $35M. The largest seller was Sunbelt Securities, cutting an estimated $69M.
- 414 institutional investors held Invesco Preferred ETF (PGX) as of Q2 2020, up from 404 in Q1 2020.
- Funds reported $2.35B of Invesco Preferred ETF stock for Q2 2020, up 9.4% quarter-over-quarter.
- 61 funds opened new Invesco Preferred ETF positions in Q2 2020 and 46 closed out, a net change of +15 holders.
- The largest Invesco Preferred ETF buyer in Q2 2020 was Horizon Investments, an estimated $35M added.
- The largest Invesco Preferred ETF seller in Q2 2020 was Sunbelt Securities, an estimated $69M sold.
Based on aggregated 13F filings for Q2 2020.