Invesco Preferred ETF
498 hedge funds and large institutions have $2.15B invested in Invesco Preferred ETF in 2022 Q2 according to their latest regulatory filings, with 48 funds opening new positions, 132 increasing their positions, 217 reducing their positions, and 68 closing their positions.
18% more funds holding in top 10
Funds holding in top 10: 11 → 13 (+2)
2.83% less ownership
Funds ownership: 42.41% → 39.57% (-2.8%)
5% less funds holding
Funds holding: 523 → 498 (-25)
24% less capital invested
Capital invested by funds: $2.84B → $2.15B (-$686M)
29% less first-time investments, than exits
New positions opened: 48 | Existing positions closed: 68
39% less repeat investments, than reductions
Existing positions increased: 132 | Existing positions reduced: 217
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$10.6M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$7.92M |
| 3 |
Rockefeller Capital Management
New York
|
+$7.6M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$5.28M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
+$4.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$89.3M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$86M |
| 3 |
Morgan Stanley
New York
|
-$38.6M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$22.1M |
| 5 |
LPL Financial
San Diego,
California
|
-$13.3M |
PGX Hedge Fund Activity: Q2 2022 in Review
498 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q2 2022, worth a combined $2.15B — down 24% from $2.84B a quarter earlier.
Sellers outnumbered buyers: 68 funds closed out of PGX and 48 opened new positions — a net loss of 20 holders — while 217 trimmed existing stakes and 132 added.
The largest buyer was Ameriprise, adding an estimated $10.6M. The largest seller was Bank of America, cutting an estimated $89.3M.
- 498 institutional investors held Invesco Preferred ETF (PGX) as of Q2 2022, down from 523 in Q1 2022.
- Funds reported $2.15B of Invesco Preferred ETF stock for Q2 2022, down 24% quarter-over-quarter.
- 48 funds opened new Invesco Preferred ETF positions in Q2 2022 and 68 closed out, a net change of -20 holders.
- The largest Invesco Preferred ETF buyer in Q2 2022 was Ameriprise, an estimated $10.6M added.
- The largest Invesco Preferred ETF seller in Q2 2022 was Bank of America, an estimated $89.3M sold.
Based on aggregated 13F filings for Q2 2022.