Invesco Preferred ETF
196 hedge funds and large institutions have $1.44B invested in Invesco Preferred ETF in 2015 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 83 increasing their positions, 39 reducing their positions, and 24 closing their positions.
113% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 39
63% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 24
24% more capital invested
Capital invested by funds: $1.16B → $1.44B (+$279M)
7% more funds holding
Funds holding: 184 → 196 (+12)
3.09% more ownership
Funds ownership: 40% → 43.09% (+3.1%)
0% more funds holding in top 10
Funds holding in top 10: 12 → 12 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$118M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$53.5M |
| 3 |
LPL Financial
San Diego,
California
|
+$46.4M |
| 4 |
MSWM
Mader & Shannon Wealth Management
Kansas City,
Missouri
|
+$14.4M |
| 5 |
GA
Geneva Advisors
Chicago,
Illinois
|
+$10.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Curian Capital
Denver,
Colorado
|
-$22.3M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$9.44M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$2.75M |
| 4 |
WI
WBI Investments
Red Bank,
New Jersey
|
-$2.35M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$2.32M |
PGX Hedge Fund Activity: Q4 2015 in Review
196 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q4 2015, worth a combined $1.44B — up 24% from $1.16B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new PGX positions and 24 closed out — a net gain of 15 holders — while 83 added to existing stakes and 39 trimmed.
The largest buyer was Bank of America, adding an estimated $118M. The largest seller was Curian Capital, cutting an estimated $22.3M.
- 196 institutional investors held Invesco Preferred ETF (PGX) as of Q4 2015, up from 184 in Q3 2015.
- Funds reported $1.44B of Invesco Preferred ETF stock for Q4 2015, up 24% quarter-over-quarter.
- 39 funds opened new Invesco Preferred ETF positions in Q4 2015 and 24 closed out, a net change of +15 holders.
- The largest Invesco Preferred ETF buyer in Q4 2015 was Bank of America, an estimated $118M added.
- The largest Invesco Preferred ETF seller in Q4 2015 was Curian Capital, an estimated $22.3M sold.
Based on aggregated 13F filings for Q4 2015.