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Invesco Preferred ETF

232 hedge funds and large institutions have $1.59B invested in Invesco Preferred ETF in 2016 Q4 according to their latest regulatory filings, with 45 funds opening new positions, 73 increasing their positions, 86 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 36

2% more funds holding

Funds holding: 227232 (+5)

3.42% less ownership

Funds ownership: 40.19%36.77% (-3.4%)

15% less repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 86

19% less capital invested

Capital invested by funds: $1.95B → $1.59B (-$362M)

19% less funds holding in top 10

Funds holding in top 10: 1613 (-3)

Holders
232
Holders Change
+5
Holders Change %
+2.2%
% of All Funds
5.8%
Holding in Top 10
13
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-18.75%
% of All Funds
0.33%
New
45
Increased
73
Reduced
86
Closed
36
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
LP
76
LGL Partners
Pennsylvania
$1.51M +$1.55M +106,357 New
FA
77
FDx Advisors
Illinois
$1.43M +$1.46M +100,533 New
PWPCM
78
Perella Weinberg Partners Capital Management
New York
$1.43M +$510K +35,025 +54%
William Blair & Company
79
William Blair & Company
Illinois
$1.41M -$51.1K -3,511 -3%
HW
80
Hancock Whitney
Mississippi
$1.35M -$1.03M -70,423 -43%
UCFA
81
United Capital Financial Advisors
Texas
$1.34M -$1.52M -104,100 -53%
PA
82
Perennial Advisors
New York
$1.31M +$1.34M +92,023 New
CCB
83
Cutter & Co Brokerage
Missouri
$1.28M -$68.8K -4,722 -5%
OIA
84
Optimum Investment Advisors
Illinois
$1.27M -$1.7M -116,439 -57%
CWM
85
Cabot Wealth Management
Massachusetts
$1.27M -$61.1K -4,193 -4%
BCI
86
Brinker Capital Investments
Pennsylvania
$1.26M
SPC
87
Sigma Planning Corp
Michigan
$1.19M -$400K -27,486 -25%
Citadel Advisors
88
Citadel Advisors
Florida
$1.12M +$1.14M +78,405 New
GCA
89
Greenwood Capital Associates
South Carolina
$1.01M -$2.55M -175,169 -71%
LS
90
Lattice Strategies
Pennsylvania
$998K +$64.5K +4,425 +7%
BTS
91
BB&T Securities
Virginia
$984K
CFB
92
Cullen/Frost Bankers
Texas
$928K +$27.8K +1,908 +3%
CFA
93
Carroll Financial Associates
North Carolina
$916K -$18K -1,235 -2%
ECAM
94
East Coast Asset Management
Massachusetts
$873K +$28.2K +1,935 +3%
GAM
95
Gould Asset Management
California
$851K +$47.6K +3,270 +6%
Koshinski Asset Management
96
Koshinski Asset Management
Illinois
$842K +$115K +7,873 +15%
IA
97
IFP Advisors
Florida
$835K -$438K -30,056 -34%
Citigroup
98
Citigroup
New York
$814K -$729K -50,045 -47%
DADC
99
D.A. Davidson & Co
Montana
$806K +$57.3K +3,933 +7%
SPL
100
Smart Portfolios LLC
Washington
$794K +$160K +11,004 +25%

PGX Hedge Fund Activity: Q4 2016 in Review

232 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q4 2016, worth a combined $1.59B — down 19% from $1.95B a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new PGX positions and 36 closed out — a net gain of 9 holders — while 73 added to existing stakes and 86 trimmed.

The largest buyer was First Allied Advisory Services, adding an estimated $11.4M. The largest seller was Bank of America, cutting an estimated $75.8M.

  • 232 institutional investors held Invesco Preferred ETF (PGX) as of Q4 2016, up from 227 in Q3 2016.
  • Funds reported $1.59B of Invesco Preferred ETF stock for Q4 2016, down 19% quarter-over-quarter.
  • 45 funds opened new Invesco Preferred ETF positions in Q4 2016 and 36 closed out, a net change of +9 holders.
  • The largest Invesco Preferred ETF buyer in Q4 2016 was First Allied Advisory Services, an estimated $11.4M added.
  • The largest Invesco Preferred ETF seller in Q4 2016 was Bank of America, an estimated $75.8M sold.

Based on aggregated 13F filings for Q4 2016.