Invesco Preferred ETF
358 hedge funds and large institutions have $2.27B invested in Invesco Preferred ETF in 2019 Q3 according to their latest regulatory filings, with 39 funds opening new positions, 139 increasing their positions, 106 reducing their positions, and 42 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 139 | Existing positions reduced: 106
4% more capital invested
Capital invested by funds: $2.19B → $2.27B (+$79.7M)
0% more funds holding in top 10
Funds holding in top 10: 18 → 18 (0)
7% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 42
1% less funds holding
Funds holding: 362 → 358 (-4)
1.35% less ownership
Funds ownership: 42.19% → 40.84% (-1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
+$16.1M |
| 2 |
Morgan Stanley
New York
|
+$12.9M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$11.6M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$11.4M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$9.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$52.3M |
| 2 |
TYCC
Texas Yale Capital Corp
St. Petersburg,
Florida
|
-$8.39M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$6.67M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
-$5.98M |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
-$4.86M |
PGX Hedge Fund Activity: Q3 2019 in Review
358 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q3 2019, worth a combined $2.27B — up 3.6% from $2.19B a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of PGX and 39 opened new positions — a net loss of 3 holders — while 106 trimmed existing stakes and 139 added.
The largest buyer was HighTower Advisors, adding an estimated $16.1M. The largest seller was Bank of Montreal, cutting an estimated $52.3M.
- 358 institutional investors held Invesco Preferred ETF (PGX) as of Q3 2019, down from 362 in Q2 2019.
- Funds reported $2.27B of Invesco Preferred ETF stock for Q3 2019, up 3.6% quarter-over-quarter.
- 39 funds opened new Invesco Preferred ETF positions in Q3 2019 and 42 closed out, a net change of -3 holders.
- The largest Invesco Preferred ETF buyer in Q3 2019 was HighTower Advisors, an estimated $16.1M added.
- The largest Invesco Preferred ETF seller in Q3 2019 was Bank of Montreal, an estimated $52.3M sold.
Based on aggregated 13F filings for Q3 2019.