Invesco Preferred ETF
227 hedge funds and large institutions have $1.95B invested in Invesco Preferred ETF in 2016 Q3 according to their latest regulatory filings, with 38 funds opening new positions, 112 increasing their positions, 44 reducing their positions, and 22 closing their positions.
155% more repeat investments, than reductions
Existing positions increased: 112 | Existing positions reduced: 44
73% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 22
60% more funds holding in top 10
Funds holding in top 10: 10 → 16 (+6)
10% more capital invested
Capital invested by funds: $1.77B → $1.95B (+$177M)
7% more funds holding
Funds holding: 213 → 227 (+14)
0.52% less ownership
Funds ownership: 40.71% → 40.19% (-0.52%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$41.1M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$23.2M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$19.2M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
+$15M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$24.4M |
| 2 |
WI
WBI Investments
Red Bank,
New Jersey
|
-$12.5M |
| 3 |
FWM
Frontier Wealth Management
Kansas City,
Missouri
|
-$5.59M |
| 4 |
LPT
Legacy Private Trust
Neenah,
Wisconsin
|
-$2.34M |
| 5 |
Morgan Stanley
New York
|
-$1.86M |
PGX Hedge Fund Activity: Q3 2016 in Review
227 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q3 2016, worth a combined $1.95B — up 10% from $1.77B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new PGX positions and 22 closed out — a net gain of 16 holders — while 112 added to existing stakes and 44 trimmed.
The largest buyer was Bank of America, adding an estimated $41.1M. The largest seller was Wells Fargo, cutting an estimated $24.4M.
- 227 institutional investors held Invesco Preferred ETF (PGX) as of Q3 2016, up from 213 in Q2 2016.
- Funds reported $1.95B of Invesco Preferred ETF stock for Q3 2016, up 10% quarter-over-quarter.
- 38 funds opened new Invesco Preferred ETF positions in Q3 2016 and 22 closed out, a net change of +16 holders.
- The largest Invesco Preferred ETF buyer in Q3 2016 was Bank of America, an estimated $41.1M added.
- The largest Invesco Preferred ETF seller in Q3 2016 was Wells Fargo, an estimated $24.4M sold.
Based on aggregated 13F filings for Q3 2016.