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Invesco Preferred ETF

232 hedge funds and large institutions have $1.59B invested in Invesco Preferred ETF in 2016 Q4 according to their latest regulatory filings, with 45 funds opening new positions, 73 increasing their positions, 86 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 36

2% more funds holding

Funds holding: 227232 (+5)

3.42% less ownership

Funds ownership: 40.19%36.77% (-3.4%)

15% less repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 86

19% less capital invested

Capital invested by funds: $1.95B → $1.59B (-$362M)

19% less funds holding in top 10

Funds holding in top 10: 1613 (-3)

Holders
232
Holders Change
+5
Holders Change %
+2.2%
% of All Funds
5.8%
Holding in Top 10
13
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-18.75%
% of All Funds
0.33%
New
45
Increased
73
Reduced
86
Closed
36
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
WA
151
WBH Advisory
Maryland
$298K +$306K +21,000 New
SFA
152
Sequoia Financial Advisors
Ohio
$297K +$304K +20,865 New
DAS
153
Dynamic Advisor Solutions
Arizona
$293K +$52.1K +3,576 +21%
PO
154
Private Ocean
California
$292K
WS
155
Wedbush Securities
California
$285K -$31.6K -2,168 -10%
CCG
156
Chatham Capital Group
Georgia
$266K +$272K +18,700 New
GT
157
Glenview Trust
Kentucky
$265K +$271K +18,603 New
RJT
158
Raymond James Trust
Florida
$264K -$19.7K -1,350 -7%
EAM
159
Evanson Asset Management
California
$260K +$20.8K +1,430 +9%
AIP
160
Ahrens Investment Partners
Louisiana
$233K +$239K +16,402 New
B
161
Bridgeworth
Alabama
$223K +$223K +15,297 New
FIM
162
Freedom Investment Management
Connecticut
$222K -$657K -45,097 -74%
TCM
163
Traynor Capital Management
Pennsylvania
$220K -$3.32K -228 -1%
M&T Bank
164
M&T Bank
New York
$210K -$90.1K -6,186 -30%
LPT
165
Legacy Private Trust
Wisconsin
$205K -$197K -13,520 -48%
BC
166
Burney Company
Virginia
$205K -$133K -9,125 -39%
PFS
167
Prospera Financial Services
Texas
$200K +$204K +13,991 New
NFC
168
Northeast Financial Consultants
Connecticut
$195K
Franklin Resources
169
Franklin Resources
California
$187K -$94.8K -6,505 -33%
PWMAG
170
Pinnacle Wealth Management Advisory Group
New Jersey
$178K -$57.5K -3,950 -24%
ACS
171
Archford Capital Strategies
Illinois
$174K
MCWS
172
McKinley Carter Wealth Services
West Virginia
$172K +$539 +37 +0.3%
DC
173
Davenport & Co
Virginia
$166K -$5.36K -368 -3%
LNC
174
Lincoln National Corp
Pennsylvania
$163K
RWA
175
RGT Wealth Advisors
Texas
$162K +$166K +11,419 New

PGX Hedge Fund Activity: Q4 2016 in Review

232 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q4 2016, worth a combined $1.59B — down 19% from $1.95B a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new PGX positions and 36 closed out — a net gain of 9 holders — while 73 added to existing stakes and 86 trimmed.

The largest buyer was First Allied Advisory Services, adding an estimated $11.4M. The largest seller was Bank of America, cutting an estimated $75.8M.

  • 232 institutional investors held Invesco Preferred ETF (PGX) as of Q4 2016, up from 227 in Q3 2016.
  • Funds reported $1.59B of Invesco Preferred ETF stock for Q4 2016, down 19% quarter-over-quarter.
  • 45 funds opened new Invesco Preferred ETF positions in Q4 2016 and 36 closed out, a net change of +9 holders.
  • The largest Invesco Preferred ETF buyer in Q4 2016 was First Allied Advisory Services, an estimated $11.4M added.
  • The largest Invesco Preferred ETF seller in Q4 2016 was Bank of America, an estimated $75.8M sold.

Based on aggregated 13F filings for Q4 2016.