Invesco Preferred ETF
136 hedge funds and large institutions have $712M invested in Invesco Preferred ETF in 2013 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 31 increasing their positions, 61 reducing their positions, and 20 closing their positions.
45% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 20
5% more funds holding
Funds holding: 129 → 136 (+7)
1.9% less ownership
Funds ownership: 35.81% → 33.9% (-1.9%)
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
13% less capital invested
Capital invested by funds: $821M → $712M (-$109M)
49% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 61
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$11.3M |
| 2 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
+$5.04M |
| 3 |
KIA
KCM Investment Advisors
Greenbrae,
California
|
+$1.77M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.05M |
| 5 |
Citigroup
New York
|
+$798K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Curian Capital
Denver,
Colorado
|
-$40.1M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$16.8M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$11M |
| 4 |
FAAM
First Allied Asset Management
San Diego,
California
|
-$10.1M |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$10.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ST
151
Smithfield Trust
Pittsburgh,
Pennsylvania
| – | -$42K | -3,100 | Closed |
|
|
GI
152
Gradient Investments
Arden Hills,
Minnesota
| – | -$9K | -693 | Closed |
|
|
NC
153
NewSquare Capital
Newtown Square,
Pennsylvania
| – | -$8K | -606 | Closed |
|
|
TWA
154
TCI Wealth Advisors
Tucson,
Arizona
| – | -$7K | -530 | Closed |
|
|
WC
155
Whitnell & Co
Oak Brook,
Illinois
| – | -$4K | -300 | Closed |
|
156
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$3K | -252 | Closed |
|
|
CTC
157
Central Trust Company
Jefferson City,
Missouri
| – | -$2K | -140 | Closed |
|
|
SF
158
Synovus Financial
Columbus,
Georgia
| – | -$1K | -83 | Closed |
|
PGX Hedge Fund Activity: Q4 2013 in Review
136 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q4 2013, worth a combined $712M — down 13% from $821M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new PGX positions and 20 closed out — a net gain of 9 holders — while 31 added to existing stakes and 61 trimmed.
The largest buyer was Invesco, adding an estimated $11.3M. The largest seller was Curian Capital, cutting an estimated $40.1M.
- 136 institutional investors held Invesco Preferred ETF (PGX) as of Q4 2013, up from 129 in Q3 2013.
- Funds reported $712M of Invesco Preferred ETF stock for Q4 2013, down 13% quarter-over-quarter.
- 29 funds opened new Invesco Preferred ETF positions in Q4 2013 and 20 closed out, a net change of +9 holders.
- The largest Invesco Preferred ETF buyer in Q4 2013 was Invesco, an estimated $11.3M added.
- The largest Invesco Preferred ETF seller in Q4 2013 was Curian Capital, an estimated $40.1M sold.
Based on aggregated 13F filings for Q4 2013.