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Invesco Preferred ETF

362 hedge funds and large institutions have $2.19B invested in Invesco Preferred ETF in 2019 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 152 increasing their positions, 101 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

69% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 29

50% more repeat investments, than reductions

Existing positions increased: 152 | Existing positions reduced: 101

7% more capital invested

Capital invested by funds: $2.04B → $2.19B (+$153M)

6% more funds holding in top 10

Funds holding in top 10: 1718 (+1)

4% more funds holding

Funds holding: 347362 (+15)

0.11% less ownership

Funds ownership: 42.29%42.19% (-0.11%)

Holders
362
Holders Change
+15
Holders Change %
+4.32%
% of All Funds
7.86%
Holding in Top 10
18
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+5.88%
% of All Funds
0.39%
New
49
Increased
152
Reduced
101
Closed
29
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$609M +$7.46M +511,110 +1%
Wells Fargo
2
Wells Fargo
California
$297M +$4.44M +304,195 +2%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$141M +$10.8M +739,231 +8%
Morgan Stanley
4
Morgan Stanley
New York
$136M +$8.19M +561,415 +6%
Ameriprise
5
Ameriprise
Minnesota
$108M +$11.6M +794,400 +12%
UBS Group
6
UBS Group
Switzerland
$62M +$10.9M +747,608 +21%
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$56.1M +$3.62M +248,257 +7%
LPL Financial
8
LPL Financial
California
$52.7M +$11.1M +759,063 +27%
Cohen & Steers
9
Cohen & Steers
New York
$44.8M +$28.1M +1,924,659 +169%
HNB
10
Huntington National Bank
Ohio
$37.6M
TLP
11
Trinity Legacy Partners
Texas
$31.7M -$530K -36,318 -2%
Cambridge Investment Research Advisors
12
Cambridge Investment Research Advisors
Iowa
$23.8M +$8.4M +575,502 +55%
EWM
13
Edge Wealth Management
New York
$22.4M +$1.14M +78,176 +5%
PP
14
PagnatoKarp Partners
Virginia
$22.1M -$46.8K -3,205 -0.2%
MML Investors Services
15
MML Investors Services
Massachusetts
$19.5M +$666K +45,608 +4%
Invesco
16
Invesco
Georgia
$19.1M -$2.75M -188,136 -13%
Prudential Financial
17
Prudential Financial
New Jersey
$18M -$7.95M -545,000 -31%
AG
18
Advisor Group
Arizona
$17.6M +$7.24M +495,816 +70%
BTS
19
BB&T Securities
Virginia
$17.6M +$3.54M +242,459 +25%
JIP
20
JBJ Investment Partners
South Carolina
$16.6M +$2.97M +203,473 +22%
Commonwealth Equity Services
21
Commonwealth Equity Services
Massachusetts
$16M +$1.48M +101,633 +10%
Envestnet Asset Management
22
Envestnet Asset Management
Illinois
$15.8M +$1.86M +127,373 +13%
RJFSA
23
Raymond James Financial Services Advisors
Florida
$11.5M +$7.11M +487,349 +164%
Goldman Sachs
24
Goldman Sachs
New York
$11.4M +$903K +61,890 +9%
AIA
25
Avalon Investment & Advisory
Texas
$11.4M +$17.8K +1,217 +0.2%

PGX Hedge Fund Activity: Q2 2019 in Review

362 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q2 2019, worth a combined $2.19B — up 7.5% from $2.04B a quarter earlier.

Buyers outnumbered sellers: 49 funds opened new PGX positions and 29 closed out — a net gain of 20 holders — while 152 added to existing stakes and 101 trimmed.

The largest buyer was Cohen & Steers, adding an estimated $28.1M. The largest seller was Jane Street, exiting entirely with an estimated $14M sold.

  • 362 institutional investors held Invesco Preferred ETF (PGX) as of Q2 2019, up from 347 in Q1 2019.
  • Funds reported $2.19B of Invesco Preferred ETF stock for Q2 2019, up 7.5% quarter-over-quarter.
  • 49 funds opened new Invesco Preferred ETF positions in Q2 2019 and 29 closed out, a net change of +20 holders.
  • The largest Invesco Preferred ETF buyer in Q2 2019 was Cohen & Steers, an estimated $28.1M added.
  • The largest Invesco Preferred ETF seller in Q2 2019 was Jane Street, an estimated $14M sold.

Based on aggregated 13F filings for Q2 2019.