Invesco Preferred ETF
181 hedge funds and large institutions have $1.19B invested in Invesco Preferred ETF in 2015 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 80 increasing their positions, 46 reducing their positions, and 6 closing their positions.
317% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 6
74% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 46
43% more funds holding in top 10
Funds holding in top 10: 7 → 10 (+3)
35% more capital invested
Capital invested by funds: $886M → $1.19B (+$307M)
9% more funds holding
Funds holding: 166 → 181 (+15)
6.99% more ownership
Funds ownership: 35.17% → 42.16% (+7%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $186K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$73.5M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$57.3M |
| 3 |
HNB
Huntington National Bank
Columbus,
Ohio
|
+$32.3M |
| 4 |
Morgan Stanley
New York
|
+$19M |
| 5 |
PFG
Piershale Financial Group
Barrington,
Illinois
|
+$16.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$15M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$6.61M |
| 3 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$1.34M |
| 4 |
Jane Street
New York
|
-$1.25M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.24M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EWM
176
Edge Wealth Management
New York
| $7K | – | – | – |
|
|
FMII
177
Farmers & Merchants Investments Inc
Lincoln,
Nebraska
| $5K | – | – | – |
|
|
WEC
178
Winslow Evans & Crocker
Boston,
Massachusetts
| $2.24K | -$11.1K | -750 | -83% |
|
179
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$647K | -44,064 | Closed |
|
|
RIM
180
Regent Investment Management
Louisville,
Kentucky
| – | -$315K | -21,450 | Closed |
|
181
Millennium Management
New York
| – | -$179K | -12,148 | Closed |
|
|
BRWA
182
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$101 | -6,850 | Closed |
|
|
FNBT
183
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$15K | -989 | Closed |
|
|
GI
184
Gradient Investments
Arden Hills,
Minnesota
| – | +$133 | +9 | New |
|
PGX Hedge Fund Activity: Q1 2015 in Review
181 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q1 2015, worth a combined $1.19B — up 35% from $886M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new PGX positions and 6 closed out — a net gain of 19 holders — while 80 added to existing stakes and 46 trimmed.
The largest buyer was Wells Fargo, adding an estimated $73.5M. The largest seller was Wellington Management Group, cutting an estimated $15M.
- 181 institutional investors held Invesco Preferred ETF (PGX) as of Q1 2015, up from 166 in Q4 2014.
- Funds reported $1.19B of Invesco Preferred ETF stock for Q1 2015, up 35% quarter-over-quarter.
- 25 funds opened new Invesco Preferred ETF positions in Q1 2015 and 6 closed out, a net change of +19 holders.
- The largest Invesco Preferred ETF buyer in Q1 2015 was Wells Fargo, an estimated $73.5M added.
- The largest Invesco Preferred ETF seller in Q1 2015 was Wellington Management Group, an estimated $15M sold.
Based on aggregated 13F filings for Q1 2015.