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Invesco Preferred ETF

491 hedge funds and large institutions have $2.1B invested in Invesco Preferred ETF in 2024 Q1 according to their latest regulatory filings, with 56 funds opening new positions, 150 increasing their positions, 183 reducing their positions, and 47 closing their positions.

New
Increased
Maintained
Reduced
Closed

290% more call options, than puts

Call options by funds: $164K | Put options by funds: $42K

19% more first-time investments, than exits

New positions opened: 56 | Existing positions closed: 47

17% more funds holding in top 10

Funds holding in top 10: 67 (+1)

1% less funds holding

Funds holding: 494491 (-3)

2.42% less ownership

Funds ownership: 48.77%46.36% (-2.4%)

5% less capital invested

Capital invested by funds: $2.22B → $2.1B (-$120M)

18% less repeat investments, than reductions

Existing positions increased: 150 | Existing positions reduced: 183

Holders
491
Holders Change
-3
Holders Change %
-0.61%
% of All Funds
7.07%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.1%
New
56
Increased
150
Reduced
183
Closed
47
Calls
$164K
Puts
$42K
Net Calls
+$122K
Net Calls Change
+$84K
Name Holding Trade Value Shares
Change
Change in
Stake
AFG
126
Albion Financial Group
Utah
$1.14M +$90.3K +7,662 +9%
GF
127
Gries Financial
Ohio
$1.14M +$1.13M +95,895 New
KWM
128
Kingsview Wealth Management
Oregon
$1.12M +$8.28K +703 +0.8%
FDCDDQ
129
Federation des caisses Desjardins du Quebec
Quebec, Canada
$1.07M +$25.3K +2,150 +2%
SRC
130
Shufro Rose & Co
New York
$1.06M -$197K -16,751 -16%
CAPTRUST Financial Advisors
131
CAPTRUST Financial Advisors
North Carolina
$1.05M +$4.35K +369 +0.4%
SEI Investments
132
SEI Investments
Pennsylvania
$985K
BCFS
133
Butensky & Cohen Financial Security
Florida
$971K -$68.3K -5,792 -7%
JGIA
134
Jackson Grant Investment Advisers
Connecticut
$967K +$4.8K +407 +0.5%
BWG
135
Beta Wealth Group
California
$936K -$1.12M -95,158 -55%
IWM
136
IHT Wealth Management
Illinois
$934K +$683K +57,937 +280%
GAM
137
Gould Asset Management
California
$928K -$589 -50 -0.1%
IWN
138
Independent Wealth Network
Iowa
$915K +$589 +50 +0.1%
DADC
139
D.A. Davidson & Co
Montana
$907K +$9.18K +779 +1%
Cerity Partners
140
Cerity Partners
New York
$892K -$1.67M -142,026 -81%
GC
141
Gratus Capital
Georgia
$891K
GCM
142
Glaxis Capital Management
Florida
$891K +$23.6K +2,000 +3%
AWM
143
Accel Wealth Management
Iowa
$863K -$58.9K -4,998 -6%
CCG
144
Coastwise Capital Group
California
$856K +$7.48K +635 +0.9%
SPC
145
Sigma Planning Corp
Michigan
$813K +$396K +33,571 +96%
NC
146
NewSquare Capital
Pennsylvania
$811K -$30.1K -2,555 -4%
IBOK
147
Independence Bank of Kentucky
Kentucky
$787K -$38.3K -3,250 -5%
QC
148
Quadrature Capital
United Kingdom
$777K +$770K +65,331 New
CFB
149
Cullen/Frost Bankers
Texas
$758K -$182K -15,410 -19%
CA
150
CSM Advisors
Pennsylvania
$733K

PGX Hedge Fund Activity: Q1 2024 in Review

491 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q1 2024, worth a combined $2.1B — down 5.4% from $2.22B a quarter earlier.

Buyers outnumbered sellers: 56 funds opened new PGX positions and 47 closed out — a net gain of 9 holders — while 150 added to existing stakes and 183 trimmed.

The largest buyer was LPL Financial, adding an estimated $19.5M. The largest seller was Morgan Stanley, cutting an estimated $106M.

  • 491 institutional investors held Invesco Preferred ETF (PGX) as of Q1 2024, down from 494 in Q4 2023.
  • Funds reported $2.1B of Invesco Preferred ETF stock for Q1 2024, down 5.4% quarter-over-quarter.
  • 56 funds opened new Invesco Preferred ETF positions in Q1 2024 and 47 closed out, a net change of +9 holders.
  • The largest Invesco Preferred ETF buyer in Q1 2024 was LPL Financial, an estimated $19.5M added.
  • The largest Invesco Preferred ETF seller in Q1 2024 was Morgan Stanley, an estimated $106M sold.

Based on aggregated 13F filings for Q1 2024.