Invesco Preferred ETF
269 hedge funds and large institutions have $1.9B invested in Invesco Preferred ETF in 2017 Q2 according to their latest regulatory filings, with 44 funds opening new positions, 116 increasing their positions, 59 reducing their positions, and 16 closing their positions.
175% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 16
97% more repeat investments, than reductions
Existing positions increased: 116 | Existing positions reduced: 59
13% more funds holding in top 10
Funds holding in top 10: 15 → 17 (+2)
11% more funds holding
Funds holding: 242 → 269 (+27)
10% more capital invested
Capital invested by funds: $1.73B → $1.9B (+$167M)
0.82% less ownership
Funds ownership: 37.17% → 36.35% (-0.82%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$42.7M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$16.3M |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
+$10.9M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$9.74M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$9.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$53.4M |
| 2 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$9.45M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$9.09M |
| 4 |
SAMC
Spectrum Asset Management (California)
Newport Beach,
California
|
-$6.6M |
| 5 |
Morgan Stanley
New York
|
-$4.79M |
PGX Hedge Fund Activity: Q2 2017 in Review
269 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q2 2017, worth a combined $1.9B — up 9.7% from $1.73B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new PGX positions and 16 closed out — a net gain of 28 holders — while 116 added to existing stakes and 59 trimmed.
The largest buyer was Wells Fargo, adding an estimated $42.7M. The largest seller was Bank of America, cutting an estimated $53.4M.
- 269 institutional investors held Invesco Preferred ETF (PGX) as of Q2 2017, up from 242 in Q1 2017.
- Funds reported $1.9B of Invesco Preferred ETF stock for Q2 2017, up 9.7% quarter-over-quarter.
- 44 funds opened new Invesco Preferred ETF positions in Q2 2017 and 16 closed out, a net change of +28 holders.
- The largest Invesco Preferred ETF buyer in Q2 2017 was Wells Fargo, an estimated $42.7M added.
- The largest Invesco Preferred ETF seller in Q2 2017 was Bank of America, an estimated $53.4M sold.
Based on aggregated 13F filings for Q2 2017.