Invesco Preferred ETF
129 hedge funds and large institutions have $821M invested in Invesco Preferred ETF in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 45 increasing their positions, 51 reducing their positions, and 21 closing their positions.
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
0.27% less ownership
Funds ownership: 36.08% → 35.81% (-0.27%)
7% less funds holding
Funds holding: 138 → 129 (-9)
11% less capital invested
Capital invested by funds: $922M → $821M (-$100M)
12% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 51
38% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$11.9M |
| 2 |
BMM
Buffington Mohr McNeal
Boise,
Idaho
|
+$7.51M |
| 3 |
CC
Curian Capital
Denver,
Colorado
|
+$5.48M |
| 4 |
Bank of New York Mellon
New York
|
+$4.19M |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$4.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$32.4M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$31M |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$11M |
| 4 |
BCM
Bluefin Capital Management
New York
|
-$7.6M |
| 5 |
Natixis Advisors
Boston,
Massachusetts
|
-$6.42M |
PGX Hedge Fund Activity: Q3 2013 in Review
129 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q3 2013, worth a combined $821M — down 11% from $922M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of PGX and 13 opened new positions — a net loss of 8 holders — while 51 trimmed existing stakes and 45 added.
The largest buyer was Envestnet Asset Management, adding an estimated $11.9M. The largest seller was Goldman Sachs, cutting an estimated $32.4M.
- 129 institutional investors held Invesco Preferred ETF (PGX) as of Q3 2013, down from 138 in Q2 2013.
- Funds reported $821M of Invesco Preferred ETF stock for Q3 2013, down 11% quarter-over-quarter.
- 13 funds opened new Invesco Preferred ETF positions in Q3 2013 and 21 closed out, a net change of -8 holders.
- The largest Invesco Preferred ETF buyer in Q3 2013 was Envestnet Asset Management, an estimated $11.9M added.
- The largest Invesco Preferred ETF seller in Q3 2013 was Goldman Sachs, an estimated $32.4M sold.
Based on aggregated 13F filings for Q3 2013.