Invesco Preferred ETF
344 hedge funds and large institutions have $1.91B invested in Invesco Preferred ETF in 2018 Q4 according to their latest regulatory filings, with 74 funds opening new positions, 78 increasing their positions, 142 reducing their positions, and 42 closing their positions.
76% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 42
42% more funds holding in top 10
Funds holding in top 10: 12 → 17 (+5)
8% more funds holding
Funds holding: 318 → 344 (+26)
0.65% more ownership
Funds ownership: 41.87% → 42.52% (+0.65%)
15% less capital invested
Capital invested by funds: $2.24B → $1.91B (-$328M)
45% less repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 142
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PP
PagnatoKarp Partners
Reston,
Virginia
|
+$21.2M |
| 2 |
EWM
Edge Wealth Management
New York
|
+$15.1M |
| 3 |
TYCC
Texas Yale Capital Corp
St. Petersburg,
Florida
|
+$6.65M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$4.29M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$46.4M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$44.9M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$22.9M |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$22.8M |
| 5 |
Cohen & Steers
New York
|
-$20.5M |
PGX Hedge Fund Activity: Q4 2018 in Review
344 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q4 2018, worth a combined $1.91B — down 15% from $2.24B a quarter earlier.
Buyers outnumbered sellers: 74 funds opened new PGX positions and 42 closed out — a net gain of 32 holders — while 78 added to existing stakes and 142 trimmed.
The largest buyer was PagnatoKarp Partners, adding an estimated $21.2M. The largest seller was Wells Fargo, cutting an estimated $46.4M.
- 344 institutional investors held Invesco Preferred ETF (PGX) as of Q4 2018, up from 318 in Q3 2018.
- Funds reported $1.91B of Invesco Preferred ETF stock for Q4 2018, down 15% quarter-over-quarter.
- 74 funds opened new Invesco Preferred ETF positions in Q4 2018 and 42 closed out, a net change of +32 holders.
- The largest Invesco Preferred ETF buyer in Q4 2018 was PagnatoKarp Partners, an estimated $21.2M added.
- The largest Invesco Preferred ETF seller in Q4 2018 was Wells Fargo, an estimated $46.4M sold.
Based on aggregated 13F filings for Q4 2018.