Invesco Preferred ETF
148 hedge funds and large institutions have $799M invested in Invesco Preferred ETF in 2014 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 61 increasing their positions, 43 reducing their positions, and 12 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 43
42% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 12
3% more funds holding
Funds holding: 143 → 148 (+5)
4% more capital invested
Capital invested by funds: $769M → $799M (+$29.4M)
0.69% less ownership
Funds ownership: 35.08% → 34.39% (-0.69%)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $230K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$27.2M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$19.7M |
| 3 |
WCM
Weatherstone Capital Management
Denver,
Colorado
|
+$11.2M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$6.95M |
| 5 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$5.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Curian Capital
Denver,
Colorado
|
-$40.4M |
| 2 |
Bank of New York Mellon
New York
|
-$16.9M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$14M |
| 4 |
SPL
Smart Portfolios LLC
Seattle,
Washington
|
-$4.36M |
| 5 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$2.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PP
151
Palladium Partners
Norfolk,
Virginia
| – | -$271K | -19,000 | Closed |
|
|
FT
152
Fiduciary Trust
Boston,
Massachusetts
| – | -$160K | -11,202 | Closed |
|
|
BJ
153
Brouwer & Janachowski
Mill Valley,
California
| – | -$63K | -4,400 | Closed |
|
|
BIM
154
BlackRock Investment Management
Wilmington,
Delaware
| – | -$10K | -726 | Closed |
|
|
GI
155
Gradient Investments
Arden Hills,
Minnesota
| – | -$9K | -615 | Closed |
|
156
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$7K | -530 | Closed |
|
|
CCS
157
Crosspoint Capital Strategies
Orinda,
California
| – | -$5K | -340 | Closed |
|
|
BCMIO
158
Beacon Capital Management Inc (Ohio)
Dayton,
Ohio
| – | -$4K | -292 | Closed |
|
|
NMIS
159
Northwestern Mutual Investment Services
Milwaukee,
Wisconsin
| – | -$4K | -247 | Closed |
|
|
S
160
SignatureFD
Atlanta,
Georgia
| – | -$3K | -200 | Closed |
|
PGX Hedge Fund Activity: Q2 2014 in Review
148 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q2 2014, worth a combined $799M — up 3.8% from $769M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new PGX positions and 12 closed out — a net gain of 5 holders — while 61 added to existing stakes and 43 trimmed.
The largest buyer was Wells Fargo, adding an estimated $27.2M. The largest seller was Curian Capital, cutting an estimated $40.4M.
- 148 institutional investors held Invesco Preferred ETF (PGX) as of Q2 2014, up from 143 in Q1 2014.
- Funds reported $799M of Invesco Preferred ETF stock for Q2 2014, up 3.8% quarter-over-quarter.
- 17 funds opened new Invesco Preferred ETF positions in Q2 2014 and 12 closed out, a net change of +5 holders.
- The largest Invesco Preferred ETF buyer in Q2 2014 was Wells Fargo, an estimated $27.2M added.
- The largest Invesco Preferred ETF seller in Q2 2014 was Curian Capital, an estimated $40.4M sold.
Based on aggregated 13F filings for Q2 2014.