Invesco Preferred ETF
153 hedge funds and large institutions have $870M invested in Invesco Preferred ETF in 2014 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 67 increasing their positions, 42 reducing their positions, and 10 closing their positions.
60% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 10
60% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 42
9% more capital invested
Capital invested by funds: $799M → $870M (+$71.5M)
3% more funds holding
Funds holding: 148 → 153 (+5)
1.61% more ownership
Funds ownership: 34.39% → 36.01% (+1.6%)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $474K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$32.2M |
| 2 |
PFG
Piershale Financial Group
Barrington,
Illinois
|
+$14.9M |
| 3 |
Morgan Stanley
New York
|
+$10.8M |
| 4 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$9.21M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$6.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Weatherstone Capital Management
Denver,
Colorado
|
-$11.3M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$8.11M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$8.03M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$7.3M |
| 5 |
SWM
Strategic Wealth Management
Kirkland,
Washington
|
-$4.11M |
PGX Hedge Fund Activity: Q3 2014 in Review
153 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q3 2014, worth a combined $870M — up 9% from $799M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new PGX positions and 10 closed out — a net gain of 6 holders — while 67 added to existing stakes and 42 trimmed.
The largest buyer was Wells Fargo, adding an estimated $32.2M. The largest seller was Weatherstone Capital Management, exiting entirely with an estimated $11.3M sold.
- 153 institutional investors held Invesco Preferred ETF (PGX) as of Q3 2014, up from 148 in Q2 2014.
- Funds reported $870M of Invesco Preferred ETF stock for Q3 2014, up 9% quarter-over-quarter.
- 16 funds opened new Invesco Preferred ETF positions in Q3 2014 and 10 closed out, a net change of +6 holders.
- The largest Invesco Preferred ETF buyer in Q3 2014 was Wells Fargo, an estimated $32.2M added.
- The largest Invesco Preferred ETF seller in Q3 2014 was Weatherstone Capital Management, an estimated $11.3M sold.
Based on aggregated 13F filings for Q3 2014.