Invesco Preferred ETF
476 hedge funds and large institutions have $2.08B invested in Invesco Preferred ETF in 2023 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 165 increasing their positions, 176 reducing their positions, and 36 closing their positions.
425% more call options, than puts
Call options by funds: $1.51M | Put options by funds: $287K
28% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 36
11% more funds holding in top 10
Funds holding in top 10: 9 → 10 (+1)
1.98% more ownership
Funds ownership: 44.36% → 46.35% (+2%)
0% more funds holding
Funds holding: 475 → 476 (+1)
1% less capital invested
Capital invested by funds: $2.11B → $2.08B (-$23.5M)
6% less repeat investments, than reductions
Existing positions increased: 165 | Existing positions reduced: 176
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$54.7M |
| 2 |
LPL Financial
San Diego,
California
|
+$17.8M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$14.3M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$4.11M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$12.7M |
| 2 |
Cohen & Steers
New York
|
-$7.72M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$7.24M |
| 4 |
Morgan Stanley
New York
|
-$6.87M |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$4.94M |
PGX Hedge Fund Activity: Q3 2023 in Review
476 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q3 2023, worth a combined $2.08B — down 1.1% from $2.11B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new PGX positions and 36 closed out — a net gain of 10 holders — while 165 added to existing stakes and 176 trimmed.
The largest buyer was Bank of America, adding an estimated $54.7M. The largest seller was Ameriprise, cutting an estimated $12.7M.
- 476 institutional investors held Invesco Preferred ETF (PGX) as of Q3 2023, up from 475 in Q2 2023.
- Funds reported $2.08B of Invesco Preferred ETF stock for Q3 2023, down 1.1% quarter-over-quarter.
- 46 funds opened new Invesco Preferred ETF positions in Q3 2023 and 36 closed out, a net change of +10 holders.
- The largest Invesco Preferred ETF buyer in Q3 2023 was Bank of America, an estimated $54.7M added.
- The largest Invesco Preferred ETF seller in Q3 2023 was Ameriprise, an estimated $12.7M sold.
Based on aggregated 13F filings for Q3 2023.