Invesco Preferred ETF
475 hedge funds and large institutions have $2.11B invested in Invesco Preferred ETF in 2023 Q2 according to their latest regulatory filings, with 54 funds opening new positions, 173 increasing their positions, 161 reducing their positions, and 42 closing their positions.
29% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 42
2.15% more ownership
Funds ownership: 42.21% → 44.36% (+2.1%)
1% more funds holding
Funds holding: 470 → 475 (+5)
7% more repeat investments, than reductions
Existing positions increased: 173 | Existing positions reduced: 161
4% more capital invested
Capital invested by funds: $2.02B → $2.11B (+$83.7M)
25% less funds holding in top 10
Funds holding in top 10: 12 → 9 (-3)
39% less call options, than puts
Call options by funds: $475K | Put options by funds: $784K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$57.8M |
| 2 |
LPL Financial
San Diego,
California
|
+$44M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$19.3M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$16.4M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$12.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$46M |
| 2 |
Morgan Stanley
New York
|
-$16.7M |
| 3 |
AA
ACT Advisors
Asheville,
North Carolina
|
-$14.6M |
| 4 |
AF
Allworth Financial
Folsom,
California
|
-$9.98M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$6.8M |
PGX Hedge Fund Activity: Q2 2023 in Review
475 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q2 2023, worth a combined $2.11B — up 4.1% from $2.02B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new PGX positions and 42 closed out — a net gain of 12 holders — while 173 added to existing stakes and 161 trimmed.
The largest buyer was Bessemer Group, opening a new position worth an estimated $57.8M. The largest seller was First Trust Advisors, cutting an estimated $46M.
- 475 institutional investors held Invesco Preferred ETF (PGX) as of Q2 2023, up from 470 in Q1 2023.
- Funds reported $2.11B of Invesco Preferred ETF stock for Q2 2023, up 4.1% quarter-over-quarter.
- 54 funds opened new Invesco Preferred ETF positions in Q2 2023 and 42 closed out, a net change of +12 holders.
- The largest Invesco Preferred ETF buyer in Q2 2023 was Bessemer Group, an estimated $57.8M added.
- The largest Invesco Preferred ETF seller in Q2 2023 was First Trust Advisors, an estimated $46M sold.
Based on aggregated 13F filings for Q2 2023.