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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
AA
201
Apriem Advisors
California
$44K -$31.6K -2,171 -41%
BBPWM
202
Blue Bell Private Wealth Management
Pennsylvania
$43K +$4.56K +313 +12%
CTC
203
Central Trust Company
Missouri
$39K +$40.1K +2,750 New
GBT
204
Grove Bank & Trust
Florida
$35K -$29.1K -2,000 -45%
SEI Investments
205
SEI Investments
Pennsylvania
$35K +$7.68K +527 +27%
WEC
206
Winslow Evans & Crocker
Massachusetts
$28.5K -$623K -42,800 -96%
KPCM
207
Kings Point Capital Management
New York
$28K -$14.6K -1,000 -33%
MSFP
208
Mark Sheptoff Financial Planning
Connecticut
$24K
SIG
209
Stanford Investment Group
California
$21K
SF
210
Synovus Financial
Georgia
$20K -$22.7K -1,560 -52%
PCFFS
211
Pacific Center for Financial Services
California
$20K +$20.8K +1,428 New
FANJ
212
Financial Architects (New Jersey)
New Jersey
$16K +$233 +16 +1%
AIM
213
Advantage Investment Management
Iowa
$14K +$7.28K +500 +100%
DAM
214
Delta Asset Management
Tennessee
$14K +$14.6K +1,000 New
NSIM
215
North Star Investment Management
Illinois
$13K +$189 +13 +1%
SPIA
216
Steward Partners Investment Advisory
New York
$12K +$12.4K +850 New
FWM
217
Focused Wealth Management
New York
$11K +$160 +11 +1%
SNT
218
Security National Trust
West Virginia
$10K
SIC
219
Salem Investment Counselors
North Carolina
$10K +$146 +10 +1%
WAS
220
Winch Advisory Services
Wisconsin
$10K +$146 +10 +2%
KF
221
Krilogy Financial
Missouri
$9K -$20.2K -1,390 -69%
CPA
222
Clear Perspective Advisors
Illinois
$7K +$6.66K +457 New
HCM
223
Highlander Capital Management
New Jersey
$6K
SFG
224
SevenBridge Financial Group
Pennsylvania
$5K
WB
225
Webster Bank
Connecticut
$5K +$5.54K +380 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.