Invesco Preferred ETF
203 hedge funds and large institutions have $1.64B invested in Invesco Preferred ETF in 2016 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 97 increasing their positions, 34 reducing their positions, and 27 closing their positions.
185% more repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 34
33% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 27
14% more capital invested
Capital invested by funds: $1.44B → $1.64B (+$198M)
4% more funds holding
Funds holding: 196 → 203 (+7)
0% more funds holding in top 10
Funds holding in top 10: 12 → 12 (0)
0.77% less ownership
Funds ownership: 43.09% → 42.32% (-0.77%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$34.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$31.3M |
| 3 |
PFG
Piershale Financial Group
Barrington,
Illinois
|
+$28.6M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$21.5M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$18.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSWM
Mader & Shannon Wealth Management
Kansas City,
Missouri
|
-$14.6M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
-$13.7M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$8.4M |
| 4 |
SPL
Smart Portfolios LLC
Seattle,
Washington
|
-$8.05M |
| 5 |
SWM
Strategic Wealth Management
Kirkland,
Washington
|
-$6.35M |
PGX Hedge Fund Activity: Q1 2016 in Review
203 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q1 2016, worth a combined $1.64B — up 14% from $1.44B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new PGX positions and 27 closed out — a net gain of 9 holders — while 97 added to existing stakes and 34 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $34.1M. The largest seller was Mader & Shannon Wealth Management, exiting entirely with an estimated $14.6M sold.
- 203 institutional investors held Invesco Preferred ETF (PGX) as of Q1 2016, up from 196 in Q4 2015.
- Funds reported $1.64B of Invesco Preferred ETF stock for Q1 2016, up 14% quarter-over-quarter.
- 36 funds opened new Invesco Preferred ETF positions in Q1 2016 and 27 closed out, a net change of +9 holders.
- The largest Invesco Preferred ETF buyer in Q1 2016 was Morgan Stanley, an estimated $34.1M added.
- The largest Invesco Preferred ETF seller in Q1 2016 was Mader & Shannon Wealth Management, an estimated $14.6M sold.
Based on aggregated 13F filings for Q1 2016.