Invesco Preferred ETF
143 hedge funds and large institutions have $769M invested in Invesco Preferred ETF in 2014 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 45 increasing their positions, 58 reducing their positions, and 13 closing their positions.
146% more call options, than puts
Call options by funds: $973K | Put options by funds: $396K
62% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 13
8% more capital invested
Capital invested by funds: $712M → $769M (+$57.2M)
5% more funds holding
Funds holding: 136 → 143 (+7)
1.18% more ownership
Funds ownership: 33.9% → 35.08% (+1.2%)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
22% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 58
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$30.8M |
| 2 |
CC
Curian Capital
Denver,
Colorado
|
+$6.96M |
| 3 |
SPL
Smart Portfolios LLC
Seattle,
Washington
|
+$4.84M |
| 4 |
SWM
Strategic Wealth Management
Kirkland,
Washington
|
+$3.94M |
| 5 |
Bank of New York Mellon
New York
|
+$3.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$15.8M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$11.5M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$6.98M |
| 4 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
-$4.97M |
| 5 |
Citigroup
New York
|
-$1.19M |
PGX Hedge Fund Activity: Q1 2014 in Review
143 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q1 2014, worth a combined $769M — up 8% from $712M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new PGX positions and 13 closed out — a net gain of 8 holders — while 45 added to existing stakes and 58 trimmed.
The largest buyer was Wells Fargo, adding an estimated $30.8M. The largest seller was Invesco, cutting an estimated $15.8M.
- 143 institutional investors held Invesco Preferred ETF (PGX) as of Q1 2014, up from 136 in Q4 2013.
- Funds reported $769M of Invesco Preferred ETF stock for Q1 2014, up 8% quarter-over-quarter.
- 21 funds opened new Invesco Preferred ETF positions in Q1 2014 and 13 closed out, a net change of +8 holders.
- The largest Invesco Preferred ETF buyer in Q1 2014 was Wells Fargo, an estimated $30.8M added.
- The largest Invesco Preferred ETF seller in Q1 2014 was Invesco, an estimated $15.8M sold.
Based on aggregated 13F filings for Q1 2014.