Invesco Preferred ETF
475 hedge funds and large institutions have $1.99B invested in Invesco Preferred ETF in 2022 Q3 according to their latest regulatory filings, with 43 funds opening new positions, 133 increasing their positions, 193 reducing their positions, and 60 closing their positions.
50% more call options, than puts
Call options by funds: $397K | Put options by funds: $265K
0.92% less ownership
Funds ownership: 39.57% → 38.66% (-0.92%)
5% less funds holding
Funds holding: 498 → 475 (-23)
8% less funds holding in top 10
Funds holding in top 10: 13 → 12 (-1)
8% less capital invested
Capital invested by funds: $2.15B → $1.99B (-$166M)
28% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 60
31% less repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 193
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AF
Allworth Financial
Folsom,
California
|
+$7.14M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$4.65M |
| 3 |
Jane Street
New York
|
+$3.89M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.62M |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$3.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Advisory Alpha
Holland,
Michigan
|
-$20.2M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$11.2M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$10.2M |
| 4 |
LPL Financial
San Diego,
California
|
-$9.66M |
| 5 |
CCA
Checchi Capital Advisers
Beverly Hills,
California
|
-$7.56M |
PGX Hedge Fund Activity: Q3 2022 in Review
475 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q3 2022, worth a combined $1.99B — down 7.7% from $2.15B a quarter earlier.
Sellers outnumbered buyers: 60 funds closed out of PGX and 43 opened new positions — a net loss of 17 holders — while 193 trimmed existing stakes and 133 added.
The largest buyer was Allworth Financial, adding an estimated $7.14M. The largest seller was Advisory Alpha, cutting an estimated $20.2M.
- 475 institutional investors held Invesco Preferred ETF (PGX) as of Q3 2022, down from 498 in Q2 2022.
- Funds reported $1.99B of Invesco Preferred ETF stock for Q3 2022, down 7.7% quarter-over-quarter.
- 43 funds opened new Invesco Preferred ETF positions in Q3 2022 and 60 closed out, a net change of -17 holders.
- The largest Invesco Preferred ETF buyer in Q3 2022 was Allworth Financial, an estimated $7.14M added.
- The largest Invesco Preferred ETF seller in Q3 2022 was Advisory Alpha, an estimated $20.2M sold.
Based on aggregated 13F filings for Q3 2022.