Invesco Preferred ETF
470 hedge funds and large institutions have $2.01B invested in Invesco Preferred ETF in 2023 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 147 increasing their positions, 193 reducing their positions, and 66 closing their positions.
20% more funds holding in top 10
Funds holding in top 10: 10 → 12 (+2)
2% more call options, than puts
Call options by funds: $835K | Put options by funds: $822K
0.25% more ownership
Funds ownership: 41.96% → 42.21% (+0.25%)
5% less funds holding
Funds holding: 496 → 470 (-26)
24% less repeat investments, than reductions
Existing positions increased: 147 | Existing positions reduced: 193
27% less capital invested
Capital invested by funds: $2.77B → $2.01B (-$760M)
29% less first-time investments, than exits
New positions opened: 47 | Existing positions closed: 66
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$38.6M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$35.3M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$24.8M |
| 4 |
AA
ACT Advisors
Asheville,
North Carolina
|
+$15.3M |
| 5 |
SA
Stonebridge Advisors
Wilton,
Connecticut
|
+$13.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$59.7M |
| 2 |
Cohen & Steers
New York
|
-$20.9M |
| 3 |
Principal Financial Group
Des Moines,
Iowa
|
-$10.9M |
| 4 |
PA
Parkside Advisors
Berkeley,
California
|
-$9.79M |
| 5 |
Cerity Partners
New York
|
-$8.12M |
PGX Hedge Fund Activity: Q1 2023 in Review
470 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q1 2023, worth a combined $2.01B — down 27% from $2.77B a quarter earlier.
Sellers outnumbered buyers: 66 funds closed out of PGX and 47 opened new positions — a net loss of 19 holders — while 193 trimmed existing stakes and 147 added.
The largest buyer was LPL Financial, adding an estimated $38.6M. The largest seller was Bank of America, cutting an estimated $59.7M.
- 470 institutional investors held Invesco Preferred ETF (PGX) as of Q1 2023, down from 496 in Q4 2022.
- Funds reported $2.01B of Invesco Preferred ETF stock for Q1 2023, down 27% quarter-over-quarter.
- 47 funds opened new Invesco Preferred ETF positions in Q1 2023 and 66 closed out, a net change of -19 holders.
- The largest Invesco Preferred ETF buyer in Q1 2023 was LPL Financial, an estimated $38.6M added.
- The largest Invesco Preferred ETF seller in Q1 2023 was Bank of America, an estimated $59.7M sold.
Based on aggregated 13F filings for Q1 2023.