Invesco Preferred ETF
426 hedge funds and large institutions have $2.72B invested in Invesco Preferred ETF in 2020 Q3 according to their latest regulatory filings, with 55 funds opening new positions, 184 increasing their positions, 114 reducing their positions, and 40 closing their positions.
61% more repeat investments, than reductions
Existing positions increased: 184 | Existing positions reduced: 114
38% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 40
16% more capital invested
Capital invested by funds: $2.35B → $2.72B (+$367M)
3% more funds holding
Funds holding: 414 → 426 (+12)
0.01% more ownership
Funds ownership: 41.75% → 41.76% (+0.01%)
0% more funds holding in top 10
Funds holding in top 10: 19 → 19 (0)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $421K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$34.7M |
| 2 |
HCM
Hilton Capital Management
Garden City,
New York
|
+$21.4M |
| 3 |
Morgan Stanley
New York
|
+$16.8M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$15.6M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$15.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Truist Financial
Charlotte,
North Carolina
|
-$8.12M |
| 2 |
AA
Apriem Advisors
Irvine,
California
|
-$6.08M |
| 3 |
I
INVST
Indianapolis,
Indiana
|
-$5.94M |
| 4 |
Mercer Global Advisors
Denver,
Colorado
|
-$4.88M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$3.89M |
PGX Hedge Fund Activity: Q3 2020 in Review
426 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q3 2020, worth a combined $2.72B — up 16% from $2.35B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new PGX positions and 40 closed out — a net gain of 15 holders — while 184 added to existing stakes and 114 trimmed.
The largest buyer was Bank of America, adding an estimated $34.7M. The largest seller was Truist Financial, cutting an estimated $8.12M.
- 426 institutional investors held Invesco Preferred ETF (PGX) as of Q3 2020, up from 414 in Q2 2020.
- Funds reported $2.72B of Invesco Preferred ETF stock for Q3 2020, up 16% quarter-over-quarter.
- 55 funds opened new Invesco Preferred ETF positions in Q3 2020 and 40 closed out, a net change of +15 holders.
- The largest Invesco Preferred ETF buyer in Q3 2020 was Bank of America, an estimated $34.7M added.
- The largest Invesco Preferred ETF seller in Q3 2020 was Truist Financial, an estimated $8.12M sold.
Based on aggregated 13F filings for Q3 2020.