Invesco Preferred ETF
494 hedge funds and large institutions have $2.22B invested in Invesco Preferred ETF in 2023 Q4 according to their latest regulatory filings, with 73 funds opening new positions, 119 increasing their positions, 216 reducing their positions, and 49 closing their positions.
52% more call options, than puts
Call options by funds: $111K | Put options by funds: $73K
49% more first-time investments, than exits
New positions opened: 73 | Existing positions closed: 49
6% more capital invested
Capital invested by funds: $2.09B → $2.22B (+$127M)
3% more funds holding
Funds holding: 478 → 494 (+16)
2.19% more ownership
Funds ownership: 46.58% → 48.77% (+2.2%)
40% less funds holding in top 10
Funds holding in top 10: 10 → 6 (-4)
45% less repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 216
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$81.6M |
| 2 |
Cohen & Steers
New York
|
+$73.2M |
| 3 |
SAMC
Spectrum Asset Management (Connecticut)
Stamford,
Connecticut
|
+$9.36M |
| 4 |
GS
GTS Securities
New York
|
+$8.96M |
| 5 |
TLP
Trinity Legacy Partners
Houston,
Texas
|
+$7.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$42.8M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$21.9M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$12M |
| 4 |
Rockefeller Capital Management
New York
|
-$11.9M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$9.83M |
PGX Hedge Fund Activity: Q4 2023 in Review
494 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q4 2023, worth a combined $2.22B — up 6.1% from $2.09B a quarter earlier.
Buyers outnumbered sellers: 73 funds opened new PGX positions and 49 closed out — a net gain of 24 holders — while 119 added to existing stakes and 216 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $81.6M. The largest seller was LPL Financial, cutting an estimated $42.8M.
- 494 institutional investors held Invesco Preferred ETF (PGX) as of Q4 2023, up from 478 in Q3 2023.
- Funds reported $2.22B of Invesco Preferred ETF stock for Q4 2023, up 6.1% quarter-over-quarter.
- 73 funds opened new Invesco Preferred ETF positions in Q4 2023 and 49 closed out, a net change of +24 holders.
- The largest Invesco Preferred ETF buyer in Q4 2023 was Morgan Stanley, an estimated $81.6M added.
- The largest Invesco Preferred ETF seller in Q4 2023 was LPL Financial, an estimated $42.8M sold.
Based on aggregated 13F filings for Q4 2023.