Invesco Preferred ETF
314 hedge funds and large institutions have $2.33B invested in Invesco Preferred ETF in 2018 Q2 according to their latest regulatory filings, with 44 funds opening new positions, 105 increasing their positions, 115 reducing their positions, and 45 closing their positions.
8% more funds holding in top 10
Funds holding in top 10: 13 → 14 (+1)
4% more capital invested
Capital invested by funds: $2.24B → $2.33B (+$90.4M)
0.95% more ownership
Funds ownership: 42.82% → 43.77% (+0.95%)
2% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 45
9% less repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 115
2% less funds holding
Funds holding: 320 → 314 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$141M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$11.1M |
| 3 |
Goldman Sachs
New York
|
+$5.57M |
| 4 |
AG
Appleton Group
Appleton,
Wisconsin
|
+$5.45M |
| 5 |
IA
IndexIQ Advisors
New York
|
+$4.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$12.8M |
| 2 |
CM
Columbus Macro
New Castle,
Pennsylvania
|
-$11.7M |
| 3 |
LPL Financial
San Diego,
California
|
-$7.05M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$6.8M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$4.93M |
PGX Hedge Fund Activity: Q2 2018 in Review
314 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q2 2018, worth a combined $2.33B — up 4% from $2.24B a quarter earlier.
Sellers outnumbered buyers: 45 funds closed out of PGX and 44 opened new positions — a net loss of 1 holder — while 115 trimmed existing stakes and 105 added.
The largest buyer was Cohen & Steers, opening a new position worth an estimated $141M. The largest seller was First Allied Advisory Services, cutting an estimated $12.8M.
- 314 institutional investors held Invesco Preferred ETF (PGX) as of Q2 2018, down from 320 in Q1 2018.
- Funds reported $2.33B of Invesco Preferred ETF stock for Q2 2018, up 4% quarter-over-quarter.
- 44 funds opened new Invesco Preferred ETF positions in Q2 2018 and 45 closed out, a net change of -1 holder.
- The largest Invesco Preferred ETF buyer in Q2 2018 was Cohen & Steers, an estimated $141M added.
- The largest Invesco Preferred ETF seller in Q2 2018 was First Allied Advisory Services, an estimated $12.8M sold.
Based on aggregated 13F filings for Q2 2018.