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Invesco Preferred ETF

416 hedge funds and large institutions have $2.45B invested in Invesco Preferred ETF in 2019 Q4 according to their latest regulatory filings, with 88 funds opening new positions, 175 increasing their positions, 90 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

252% more first-time investments, than exits

New positions opened: 88 | Existing positions closed: 25

94% more repeat investments, than reductions

Existing positions increased: 175 | Existing positions reduced: 90

16% more funds holding

Funds holding: 358416 (+58)

8% more capital invested

Capital invested by funds: $2.27B → $2.45B (+$175M)

0.82% more ownership

Funds ownership: 40.84%41.66% (+0.82%)

11% less funds holding in top 10

Funds holding in top 10: 1816 (-2)

Holders
416
Holders Change
+58
Holders Change %
+16.2%
% of All Funds
8.2%
Holding in Top 10
16
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-11.11%
% of All Funds
0.32%
New
88
Increased
175
Reduced
90
Closed
25
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
$666M +$31.9M +2,137,050 +5%
Wells Fargo
2
Wells Fargo
California
$315M +$9.85M +660,122 +3%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$181M +$24M +1,606,570 +15%
Morgan Stanley
4
Morgan Stanley
New York
$164M +$11.1M +746,859 +7%
Ameriprise
5
Ameriprise
Minnesota
$120M +$6.76M +452,774 +6%
UBS Group
6
UBS Group
Switzerland
$79.8M +$4.72M +316,182 +6%
LPL Financial
7
LPL Financial
California
$54.5M +$4.33M +290,048 +9%
Envestnet Asset Management
8
Envestnet Asset Management
Illinois
$40.9M +$22.4M +1,502,205 +123%
HNB
9
Huntington National Bank
Ohio
$33.5M
Truist Financial
10
Truist Financial
North Carolina
$26.8M +$26.7M +1,788,285 New
EWM
11
Edge Wealth Management
New York
$24.7M +$1.95M +130,927 +9%
HighTower Advisors
12
HighTower Advisors
Illinois
$23.3M +$6.76M +453,053 +41%
Bank of Montreal
13
Bank of Montreal
Ontario, Canada
$22.5M +$17.7M +1,183,766 +372%
PP
14
PagnatoKarp Partners
Virginia
$22.1M -$813K -54,485 -4%
Invesco
15
Invesco
Georgia
$20.9M +$594K +39,776 +3%
Cambridge Investment Research Advisors
16
Cambridge Investment Research Advisors
Iowa
$20.2M -$230K -15,398 -1%
JIP
17
JBJ Investment Partners
South Carolina
$19.4M +$1.02M +68,103 +6%
Mercer Global Advisors
18
Mercer Global Advisors
Colorado
$18.9M +$9.21M +616,987 +96%
MML Investors Services
19
MML Investors Services
Massachusetts
$18.8M +$980K +65,653 +6%
Commonwealth Equity Services
20
Commonwealth Equity Services
Massachusetts
$17.7M -$39.7K -2,661 -0.2%
Prudential Financial
21
Prudential Financial
New Jersey
$17M +$4.5M +301,700 +36%
AIA
22
Avalon Investment & Advisory
Texas
$15.5M +$512K +34,328 +3%
AG
23
Advisor Group
Arizona
$14.2M +$1.09M +73,027 +8%
KIA
24
KCM Investment Advisors
California
$12.1M +$671K +44,929 +6%
HI
25
Horizon Investments
North Carolina
$11.7M +$9.26M +620,144 +388%

PGX Hedge Fund Activity: Q4 2019 in Review

416 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q4 2019, worth a combined $2.45B — up 7.7% from $2.27B a quarter earlier.

Buyers outnumbered sellers: 88 funds opened new PGX positions and 25 closed out — a net gain of 63 holders — while 175 added to existing stakes and 90 trimmed.

The largest buyer was Bank of America, adding an estimated $31.9M. The largest seller was Cohen & Steers, cutting an estimated $41.6M.

  • 416 institutional investors held Invesco Preferred ETF (PGX) as of Q4 2019, up from 358 in Q3 2019.
  • Funds reported $2.45B of Invesco Preferred ETF stock for Q4 2019, up 7.7% quarter-over-quarter.
  • 88 funds opened new Invesco Preferred ETF positions in Q4 2019 and 25 closed out, a net change of +63 holders.
  • The largest Invesco Preferred ETF buyer in Q4 2019 was Bank of America, an estimated $31.9M added.
  • The largest Invesco Preferred ETF seller in Q4 2019 was Cohen & Steers, an estimated $41.6M sold.

Based on aggregated 13F filings for Q4 2019.