Invesco Preferred ETF
320 hedge funds and large institutions have $2.24B invested in Invesco Preferred ETF in 2018 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 101 increasing their positions, 125 reducing their positions, and 49 closing their positions.
1.39% more ownership
Funds ownership: 41.43% → 42.82% (+1.4%)
3% less capital invested
Capital invested by funds: $2.3B → $2.24B (-$59.5M)
2% less funds holding
Funds holding: 327 → 320 (-7)
12% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 49
19% less repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 125
38% less funds holding in top 10
Funds holding in top 10: 21 → 13 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFG
CNO Financial Group
Carmel,
Indiana
|
+$51.8M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$39.4M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$21.7M |
| 4 |
AIA
Avalon Investment & Advisory
Houston,
Texas
|
+$11.8M |
| 5 |
LPL Financial
San Diego,
California
|
+$7.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$11.7M |
| 2 |
AAP
Arax Advisory Partners
Denver,
Colorado
|
-$11M |
| 3 |
CWSR
Chessman Wealth Strategies RIA
Dallas,
Texas
|
-$10.4M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$8.88M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$8.77M |
PGX Hedge Fund Activity: Q1 2018 in Review
320 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q1 2018, worth a combined $2.24B — down 2.6% from $2.3B a quarter earlier.
Sellers outnumbered buyers: 49 funds closed out of PGX and 43 opened new positions — a net loss of 6 holders — while 125 trimmed existing stakes and 101 added.
The largest buyer was CNO Financial Group, opening a new position worth an estimated $51.8M. The largest seller was Goldman Sachs, cutting an estimated $11.7M.
- 320 institutional investors held Invesco Preferred ETF (PGX) as of Q1 2018, down from 327 in Q4 2017.
- Funds reported $2.24B of Invesco Preferred ETF stock for Q1 2018, down 2.6% quarter-over-quarter.
- 43 funds opened new Invesco Preferred ETF positions in Q1 2018 and 49 closed out, a net change of -6 holders.
- The largest Invesco Preferred ETF buyer in Q1 2018 was CNO Financial Group, an estimated $51.8M added.
- The largest Invesco Preferred ETF seller in Q1 2018 was Goldman Sachs, an estimated $11.7M sold.
Based on aggregated 13F filings for Q1 2018.