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Invesco Preferred ETF

491 hedge funds and large institutions have $2.1B invested in Invesco Preferred ETF in 2024 Q1 according to their latest regulatory filings, with 56 funds opening new positions, 150 increasing their positions, 183 reducing their positions, and 47 closing their positions.

New
Increased
Maintained
Reduced
Closed

290% more call options, than puts

Call options by funds: $164K | Put options by funds: $42K

19% more first-time investments, than exits

New positions opened: 56 | Existing positions closed: 47

17% more funds holding in top 10

Funds holding in top 10: 67 (+1)

1% less funds holding

Funds holding: 494491 (-3)

2.42% less ownership

Funds ownership: 48.77%46.36% (-2.4%)

5% less capital invested

Capital invested by funds: $2.22B → $2.1B (-$120M)

18% less repeat investments, than reductions

Existing positions increased: 150 | Existing positions reduced: 183

Holders
491
Holders Change
-3
Holders Change %
-0.61%
% of All Funds
7.07%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.1%
New
56
Increased
150
Reduced
183
Closed
47
Calls
$164K
Puts
$42K
Net Calls
+$122K
Net Calls Change
+$84K
Name Holding Trade Value Shares
Change
Change in
Stake
Prudential Financial
26
Prudential Financial
New Jersey
$11M +$92.6K +7,858 +0.9%
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$10.8M -$399K -33,871 -4%
RJA
28
Raymond James & Associates
Florida
$10.6M +$758K +64,354 +8%
AP
29
Advisors Preferred
Maryland
$10.3M +$6.2M +526,338 +155%
Goldman Sachs
30
Goldman Sachs
New York
$10.3M +$9.73M +825,718 +2,054%
Creative Planning
31
Creative Planning
Kansas
$10.2M -$1.97K -167 -0%
Stifel Financial
32
Stifel Financial
Missouri
$9.6M +$4.33M +367,637 +83%
Cetera Investment Advisers
33
Cetera Investment Advisers
Illinois
$8.83M +$4.78M +405,912 +120%
GWAG
34
Garrett Wealth Advisory Group
Texas
$8.22M +$168K +14,280 +2%
ML
35
McAdam LLC
Pennsylvania
$7.97M +$579K +49,128 +8%
FNBTCON
36
First National Bank & Trust Co of Newtown
Pennsylvania
$7.91M -$59.4K -5,040 -0.8%
AGA
37
Arkos Global Advisors
Texas
$7.79M +$125K +10,607 +2%
PAG
38
Private Advisor Group
New Jersey
$7.11M -$1.43M -121,239 -17%
JP Morgan Chase
39
JP Morgan Chase
New York
$6.96M -$11.1M -937,880 -62%
Truist Financial
40
Truist Financial
North Carolina
$6.8M -$64.1K -5,440 -0.9%
MML Investors Services
41
MML Investors Services
Massachusetts
$6.37M -$135K -11,431 -2%
Rockefeller Capital Management
42
Rockefeller Capital Management
New York
$6.35M +$1.01M +85,596 +19%
PT
43
Plimoth Trust
Massachusetts
$5.98M +$216K +18,321 +4%
CTWM
44
Cherry Tree Wealth Management
Minnesota
$5.94M +$15.5K +1,315 +0.3%
PC
45
Prairiewood Capital
North Dakota
$5.7M +$507K +42,994 +10%
Janney Montgomery Scott
46
Janney Montgomery Scott
Pennsylvania
$5.68M -$7.42M -629,990 -57%
RA
47
RFG Advisory
Alabama
$5.29M +$1.75M +148,927 +50%
NCM
48
Noesis Capital Mangement
Florida
$5.17M +$25.3K +2,150 +0.5%
CJFS
49
Coulter & Justus Financial Services
Tennessee
$5.17M +$5.13M +435,220 New
KIA
50
KCM Investment Advisors
California
$5.13M -$434K -36,801 -8%

PGX Hedge Fund Activity: Q1 2024 in Review

491 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q1 2024, worth a combined $2.1B — down 5.4% from $2.22B a quarter earlier.

Buyers outnumbered sellers: 56 funds opened new PGX positions and 47 closed out — a net gain of 9 holders — while 150 added to existing stakes and 183 trimmed.

The largest buyer was LPL Financial, adding an estimated $19.5M. The largest seller was Morgan Stanley, cutting an estimated $106M.

  • 491 institutional investors held Invesco Preferred ETF (PGX) as of Q1 2024, down from 494 in Q4 2023.
  • Funds reported $2.1B of Invesco Preferred ETF stock for Q1 2024, down 5.4% quarter-over-quarter.
  • 56 funds opened new Invesco Preferred ETF positions in Q1 2024 and 47 closed out, a net change of +9 holders.
  • The largest Invesco Preferred ETF buyer in Q1 2024 was LPL Financial, an estimated $19.5M added.
  • The largest Invesco Preferred ETF seller in Q1 2024 was Morgan Stanley, an estimated $106M sold.

Based on aggregated 13F filings for Q1 2024.