Invesco Preferred ETF
496 hedge funds and large institutions have $2.77B invested in Invesco Preferred ETF in 2022 Q4 according to their latest regulatory filings, with 83 funds opening new positions, 136 increasing their positions, 204 reducing their positions, and 54 closing their positions.
139% more call options, than puts
Call options by funds: $277K | Put options by funds: $116K
54% more first-time investments, than exits
New positions opened: 83 | Existing positions closed: 54
39% more capital invested
Capital invested by funds: $1.99B → $2.77B (+$778M)
4% more funds holding
Funds holding: 475 → 496 (+21)
3.31% more ownership
Funds ownership: 38.66% → 41.96% (+3.3%)
17% less funds holding in top 10
Funds holding in top 10: 12 → 10 (-2)
33% less repeat investments, than reductions
Existing positions increased: 136 | Existing positions reduced: 204
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$80.9M |
| 2 |
Cohen & Steers
New York
|
+$20.1M |
| 3 |
AF
Allworth Financial
Folsom,
California
|
+$18.1M |
| 4 |
SAMC
Spectrum Asset Management (Connecticut)
Stamford,
Connecticut
|
+$15M |
| 5 |
Cerity Partners
New York
|
+$12.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$91.1M |
| 2 |
AA
Advisory Alpha
Holland,
Michigan
|
-$14.3M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$5.27M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$4.84M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$4.46M |
PGX Hedge Fund Activity: Q4 2022 in Review
496 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q4 2022, worth a combined $2.77B — up 39% from $1.99B a quarter earlier.
Buyers outnumbered sellers: 83 funds opened new PGX positions and 54 closed out — a net gain of 29 holders — while 136 added to existing stakes and 204 trimmed.
The largest buyer was Bank of America, adding an estimated $80.9M. The largest seller was Wells Fargo, cutting an estimated $91.1M.
- 496 institutional investors held Invesco Preferred ETF (PGX) as of Q4 2022, up from 475 in Q3 2022.
- Funds reported $2.77B of Invesco Preferred ETF stock for Q4 2022, up 39% quarter-over-quarter.
- 83 funds opened new Invesco Preferred ETF positions in Q4 2022 and 54 closed out, a net change of +29 holders.
- The largest Invesco Preferred ETF buyer in Q4 2022 was Bank of America, an estimated $80.9M added.
- The largest Invesco Preferred ETF seller in Q4 2022 was Wells Fargo, an estimated $91.1M sold.
Based on aggregated 13F filings for Q4 2022.