Invesco Preferred ETF
491 hedge funds and large institutions have $2.1B invested in Invesco Preferred ETF in 2024 Q1 according to their latest regulatory filings, with 56 funds opening new positions, 150 increasing their positions, 183 reducing their positions, and 46 closing their positions.
290% more call options, than puts
Call options by funds: $164K | Put options by funds: $42K
22% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 46
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
0.03% less ownership
Funds ownership: 46.37% → 46.34% (-0.03%)
0% less funds holding
Funds holding: 493 → 491 (-2)
1% less capital invested
Capital invested by funds: $2.11B → $2.1B (-$15.4M)
18% less repeat investments, than reductions
Existing positions increased: 150 | Existing positions reduced: 183
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$19.5M |
| 2 |
OPAM
Ocean Park Asset Management
Santa Monica,
California
|
+$17.4M |
| 3 |
AA
ACT Advisors
Asheville,
North Carolina
|
+$15.9M |
| 4 |
Goldman Sachs
New York
|
+$9.73M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$6.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$70.7M |
| 2 |
Cohen & Steers
New York
|
-$37M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$18.7M |
| 4 |
JP Morgan Chase
New York
|
-$11.1M |
| 5 |
GS
GTS Securities
Miami,
Florida
|
-$9.41M |
PGX Hedge Fund Activity: Q1 2024 in Review
491 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q1 2024, worth a combined $2.1B — down 0.73% from $2.11B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new PGX positions and 46 closed out — a net gain of 10 holders — while 150 added to existing stakes and 183 trimmed.
The largest buyer was LPL Financial, adding an estimated $19.5M. The largest seller was Bank of America, cutting an estimated $70.7M.
- 491 institutional investors held Invesco Preferred ETF (PGX) as of Q1 2024, down from 493 in Q4 2023.
- Funds reported $2.1B of Invesco Preferred ETF stock for Q1 2024, down 0.73% quarter-over-quarter.
- 56 funds opened new Invesco Preferred ETF positions in Q1 2024 and 46 closed out, a net change of +10 holders.
- The largest Invesco Preferred ETF buyer in Q1 2024 was LPL Financial, an estimated $19.5M added.
- The largest Invesco Preferred ETF seller in Q1 2024 was Bank of America, an estimated $70.7M sold.
Based on aggregated 13F filings for Q1 2024.