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Invesco Preferred ETF

129 hedge funds and large institutions have $821M invested in Invesco Preferred ETF in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 45 increasing their positions, 51 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more funds holding in top 10

Funds holding in top 10: 79 (+2)

0.27% less ownership

Funds ownership: 36.08%35.81% (-0.27%)

7% less funds holding

Funds holding: 138129 (-9)

11% less capital invested

Capital invested by funds: $922M → $821M (-$100M)

12% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 51

38% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 21

Holders
129
Holders Change
-9
Holders Change %
-6.52%
% of All Funds
4.18%
Holding in Top 10
9
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+28.57%
% of All Funds
0.29%
New
13
Increased
45
Reduced
51
Closed
21
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CWM
76
Concert Wealth Management
California
$458K +$10.9K +783 +2%
FT
77
Fiduciary Trust
Massachusetts
$457K -$693 -50 -0.1%
KeyBank National Association
78
KeyBank National Association
Ohio
$456K
LPT
79
Legacy Private Trust
Wisconsin
$403K -$154K -11,070 -27%
RJFSA
80
Raymond James Financial Services Advisors
Florida
$401K -$1.39M -100,415 -77%
CPO
81
Cerity Partners OCIO
New York
$385K -$58.3K -4,200 -13%
SI
82
Stephens Inc
Arkansas
$382K -$13.7K -987 -3%
NA
83
Navellier & Associates
Nevada
$369K +$67.2K +4,846 +22%
BC
84
Burney Company
Virginia
$304K -$9.71K -700 -3%
WS
85
Wedbush Securities
California
$284K +$12.4K +891 +4%
BFEC
86
Benjamin F. Edwards & Company
Missouri
$275K
SNC
87
Stifel Nicolaus & Co
Missouri
$269K +$25.1K +1,808 +10%
PI
88
Placemark Investments
Illinois
$258K -$577K -41,589 -69%
NDSI
89
Newman Dignan & Sheerar Inc
Rhode Island
$257K -$157K -11,289 -38%
US Bancorp
90
US Bancorp
Minnesota
$251K +$12.8K +925 +5%
CP
91
Camelot Portfolios
Ohio
$247K -$483K -34,840 -66%
GG
92
Gofen & Glossberg
Illinois
$225K -$80.8K -5,825 -26%
Edgewood Management
93
Edgewood Management
Connecticut
$219K
IH
94
IFC Holdings
Florida
$208K +$69 +5 +0%
CFA
95
Carroll Financial Associates
North Carolina
$202K +$45.8K +3,300 +29%
WPC
96
White Pine Capital
Minnesota
$199K -$112K -8,100 -36%
CNB
97
City National Bank
California
$185K
NCM
98
Nelson Capital Management
California
$185K
Nomura Holdings
99
Nomura Holdings
Japan
$180K +$182K +13,126 New
VWM
100
Vector Wealth Management
Minnesota
$180K +$183K +13,176 New

PGX Hedge Fund Activity: Q3 2013 in Review

129 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q3 2013, worth a combined $821M — down 11% from $922M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of PGX and 13 opened new positions — a net loss of 8 holders — while 51 trimmed existing stakes and 45 added.

The largest buyer was Envestnet Asset Management, adding an estimated $11.9M. The largest seller was Goldman Sachs, cutting an estimated $32.4M.

  • 129 institutional investors held Invesco Preferred ETF (PGX) as of Q3 2013, down from 138 in Q2 2013.
  • Funds reported $821M of Invesco Preferred ETF stock for Q3 2013, down 11% quarter-over-quarter.
  • 13 funds opened new Invesco Preferred ETF positions in Q3 2013 and 21 closed out, a net change of -8 holders.
  • The largest Invesco Preferred ETF buyer in Q3 2013 was Envestnet Asset Management, an estimated $11.9M added.
  • The largest Invesco Preferred ETF seller in Q3 2013 was Goldman Sachs, an estimated $32.4M sold.

Based on aggregated 13F filings for Q3 2013.