Invesco Preferred ETF
213 hedge funds and large institutions have $1.77B invested in Invesco Preferred ETF in 2016 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 99 increasing their positions, 52 reducing their positions, and 23 closing their positions.
90% more repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 52
57% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 23
8% more capital invested
Capital invested by funds: $1.64B → $1.77B (+$132M)
5% more funds holding
Funds holding: 203 → 213 (+10)
1.61% less ownership
Funds ownership: 42.32% → 40.71% (-1.6%)
17% less funds holding in top 10
Funds holding in top 10: 12 → 10 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$44.4M |
| 2 |
Morgan Stanley
New York
|
+$38.8M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$27.2M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$25.3M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$12.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$36M |
| 2 |
PFG
Piershale Financial Group
Barrington,
Illinois
|
-$29.1M |
| 3 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$11.1M |
| 4 |
WCM
Weatherstone Capital Management
Denver,
Colorado
|
-$6.95M |
| 5 |
LPT
Legacy Private Trust
Neenah,
Wisconsin
|
-$6.17M |
PGX Hedge Fund Activity: Q2 2016 in Review
213 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q2 2016, worth a combined $1.77B — up 8.1% from $1.64B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new PGX positions and 23 closed out — a net gain of 13 holders — while 99 added to existing stakes and 52 trimmed.
The largest buyer was Wells Fargo, adding an estimated $44.4M. The largest seller was LPL Financial, cutting an estimated $36M.
- 213 institutional investors held Invesco Preferred ETF (PGX) as of Q2 2016, up from 203 in Q1 2016.
- Funds reported $1.77B of Invesco Preferred ETF stock for Q2 2016, up 8.1% quarter-over-quarter.
- 36 funds opened new Invesco Preferred ETF positions in Q2 2016 and 23 closed out, a net change of +13 holders.
- The largest Invesco Preferred ETF buyer in Q2 2016 was Wells Fargo, an estimated $44.4M added.
- The largest Invesco Preferred ETF seller in Q2 2016 was LPL Financial, an estimated $36M sold.
Based on aggregated 13F filings for Q2 2016.