Invesco Preferred ETF
506 hedge funds and large institutions have $3.08B invested in Invesco Preferred ETF in 2021 Q1 according to their latest regulatory filings, with 71 funds opening new positions, 205 increasing their positions, 146 reducing their positions, and 53 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 205 | Existing positions reduced: 146
34% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 53
3% more funds holding
Funds holding: 492 → 506 (+14)
2.74% more ownership
Funds ownership: 41.35% → 44.09% (+2.7%)
2% more call options, than puts
Call options by funds: $206K | Put options by funds: $201K
2% more capital invested
Capital invested by funds: $3.02B → $3.08B (+$61.2M)
24% less funds holding in top 10
Funds holding in top 10: 17 → 13 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$115M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$48.3M |
| 3 |
AA
Advisory Alpha
Holland,
Michigan
|
+$25.7M |
| 4 |
LPL Financial
San Diego,
California
|
+$20.5M |
| 5 |
HI
Horizon Investments
Charlotte,
North Carolina
|
+$17.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
-$53.7M |
| 2 |
Cohen & Steers
New York
|
-$31.3M |
| 3 |
HCM
Hilton Capital Management
Garden City,
New York
|
-$30.5M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$18.2M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$17M |
PGX Hedge Fund Activity: Q1 2021 in Review
506 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q1 2021, worth a combined $3.08B — up 2% from $3.02B a quarter earlier.
Buyers outnumbered sellers: 71 funds opened new PGX positions and 53 closed out — a net gain of 18 holders — while 205 added to existing stakes and 146 trimmed.
The largest buyer was Bessemer Group, adding an estimated $115M. The largest seller was Charles Schwab, exiting entirely with an estimated $53.7M sold.
- 506 institutional investors held Invesco Preferred ETF (PGX) as of Q1 2021, up from 492 in Q4 2020.
- Funds reported $3.08B of Invesco Preferred ETF stock for Q1 2021, up 2% quarter-over-quarter.
- 71 funds opened new Invesco Preferred ETF positions in Q1 2021 and 53 closed out, a net change of +18 holders.
- The largest Invesco Preferred ETF buyer in Q1 2021 was Bessemer Group, an estimated $115M added.
- The largest Invesco Preferred ETF seller in Q1 2021 was Charles Schwab, an estimated $53.7M sold.
Based on aggregated 13F filings for Q1 2021.