Invesco Preferred ETF
179 hedge funds and large institutions have $1.13B invested in Invesco Preferred ETF in 2015 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 73 increasing their positions, 53 reducing their positions, and 12 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 53
17% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 12
5% less capital invested
Capital invested by funds: $1.19B → $1.13B (-$58.2M)
1% less funds holding
Funds holding: 181 → 179 (-2)
2.39% less ownership
Funds ownership: 42.16% → 39.77% (-2.4%)
20% less funds holding in top 10
Funds holding in top 10: 10 → 8 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$20.4M |
| 2 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$14.1M |
| 3 |
WI
WBI Investments
Red Bank,
New Jersey
|
+$11.4M |
| 4 |
CNB
City National Bank
Beverly Hills,
California
|
+$10.4M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$5.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HNB
Huntington National Bank
Columbus,
Ohio
|
-$32.1M |
| 2 |
MSWM
Mader & Shannon Wealth Management
Kansas City,
Missouri
|
-$21.4M |
| 3 |
PFG
Piershale Financial Group
Barrington,
Illinois
|
-$17M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$10.7M |
| 5 |
HI
Horizon Investments
Charlotte,
North Carolina
|
-$7.35M |
PGX Hedge Fund Activity: Q2 2015 in Review
179 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q2 2015, worth a combined $1.13B — down 4.9% from $1.19B a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new PGX positions and 12 closed out — a net gain of 2 holders — while 73 added to existing stakes and 53 trimmed.
The largest buyer was Wells Fargo, adding an estimated $20.4M. The largest seller was Huntington National Bank, exiting entirely with an estimated $32.1M sold.
- 179 institutional investors held Invesco Preferred ETF (PGX) as of Q2 2015, down from 181 in Q1 2015.
- Funds reported $1.13B of Invesco Preferred ETF stock for Q2 2015, down 4.9% quarter-over-quarter.
- 14 funds opened new Invesco Preferred ETF positions in Q2 2015 and 12 closed out, a net change of +2 holders.
- The largest Invesco Preferred ETF buyer in Q2 2015 was Wells Fargo, an estimated $20.4M added.
- The largest Invesco Preferred ETF seller in Q2 2015 was Huntington National Bank, an estimated $32.1M sold.
Based on aggregated 13F filings for Q2 2015.