Invesco Preferred ETF
404 hedge funds and large institutions have $2.15B invested in Invesco Preferred ETF in 2020 Q1 according to their latest regulatory filings, with 53 funds opening new positions, 154 increasing their positions, 133 reducing their positions, and 56 closing their positions.
31% more funds holding in top 10
Funds holding in top 10: 16 → 21 (+5)
16% more repeat investments, than reductions
Existing positions increased: 154 | Existing positions reduced: 133
0.06% less ownership
Funds ownership: 41.66% → 41.6% (-0.06%)
5% less first-time investments, than exits
New positions opened: 53 | Existing positions closed: 56
3% less funds holding
Funds holding: 416 → 404 (-12)
12% less capital invested
Capital invested by funds: $2.45B → $2.15B (-$295M)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $12K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SS
Sunbelt Securities
Houston,
Texas
|
+$69.6M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$40.3M |
| 3 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
+$20.6M |
| 4 |
WP
WealthPLAN Partners
Omaha,
Nebraska
|
+$14.1M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
+$10.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$45.8M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$19.9M |
| 3 |
EWM
Edge Wealth Management
New York
|
-$19.7M |
| 4 |
JIP
JBJ Investment Partners
Charleston,
South Carolina
|
-$18.2M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$16M |
PGX Hedge Fund Activity: Q1 2020 in Review
404 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q1 2020, worth a combined $2.15B — down 12% from $2.45B a quarter earlier.
Sellers outnumbered buyers: 56 funds closed out of PGX and 53 opened new positions — a net loss of 3 holders — while 133 trimmed existing stakes and 154 added.
The largest buyer was Sunbelt Securities, adding an estimated $69.6M. The largest seller was Bank of America, cutting an estimated $45.8M.
- 404 institutional investors held Invesco Preferred ETF (PGX) as of Q1 2020, down from 416 in Q4 2019.
- Funds reported $2.15B of Invesco Preferred ETF stock for Q1 2020, down 12% quarter-over-quarter.
- 53 funds opened new Invesco Preferred ETF positions in Q1 2020 and 56 closed out, a net change of -3 holders.
- The largest Invesco Preferred ETF buyer in Q1 2020 was Sunbelt Securities, an estimated $69.6M added.
- The largest Invesco Preferred ETF seller in Q1 2020 was Bank of America, an estimated $45.8M sold.
Based on aggregated 13F filings for Q1 2020.