Invesco Preferred ETF
539 hedge funds and large institutions have $3.36B invested in Invesco Preferred ETF in 2021 Q4 according to their latest regulatory filings, with 95 funds opening new positions, 190 increasing their positions, 166 reducing their positions, and 55 closing their positions.
73% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 55
14% more repeat investments, than reductions
Existing positions increased: 190 | Existing positions reduced: 166
7% more funds holding
Funds holding: 506 → 539 (+33)
2% less capital invested
Capital invested by funds: $3.43B → $3.36B (-$70.7M)
1.71% less ownership
Funds ownership: 44.16% → 42.45% (-1.7%)
6% less funds holding in top 10
Funds holding in top 10: 16 → 15 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$98.7M |
| 2 |
DHFB
Dixon Hubard Feinour & Brown
Roanoke,
Virginia
|
+$11.5M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$9.52M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$9.13M |
| 5 |
William Blair & Company
Chicago,
Illinois
|
+$7.96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
-$132M |
| 2 |
HI
Harbour Investments
Madison,
Wisconsin
|
-$14.2M |
| 3 |
PI
PFS Investments
Duluth,
Georgia
|
-$12.8M |
| 4 |
HI
Horizon Investments
Charlotte,
North Carolina
|
-$12.2M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$11.5M |
PGX Hedge Fund Activity: Q4 2021 in Review
539 of the 6,518 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q4 2021, worth a combined $3.36B — down 2.1% from $3.43B a quarter earlier.
Buyers outnumbered sellers: 95 funds opened new PGX positions and 55 closed out — a net gain of 40 holders — while 190 added to existing stakes and 166 trimmed.
The largest buyer was Bank of America, adding an estimated $98.7M. The largest seller was Bessemer Group, exiting entirely with an estimated $132M sold.
- 539 institutional investors held Invesco Preferred ETF (PGX) as of Q4 2021, up from 506 in Q3 2021.
- Funds reported $3.36B of Invesco Preferred ETF stock for Q4 2021, down 2.1% quarter-over-quarter.
- 95 funds opened new Invesco Preferred ETF positions in Q4 2021 and 55 closed out, a net change of +40 holders.
- The largest Invesco Preferred ETF buyer in Q4 2021 was Bank of America, an estimated $98.7M added.
- The largest Invesco Preferred ETF seller in Q4 2021 was Bessemer Group, an estimated $132M sold.
Based on aggregated 13F filings for Q4 2021.