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 47 closing their positions.
290% more call options, than puts
Call options by funds: $164K | Put options by funds: $42K
19% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 47
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
1% less funds holding
Funds holding: 494 → 491 (-3)
2.42% less ownership
Funds ownership: 48.77% → 46.36% (-2.4%)
5% less capital invested
Capital invested by funds: $2.22B → $2.1B (-$120M)
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 |
Morgan Stanley
New York
|
-$106M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$70.7M |
| 3 |
Cohen & Steers
New York
|
-$37M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$18.7M |
| 5 |
JP Morgan Chase
New York
|
-$11.1M |
PGX Hedge Fund Activity: Q1 2024 in Review
491 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q1 2024, worth a combined $2.1B — down 5.4% from $2.22B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new PGX positions and 47 closed out — a net gain of 9 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 Morgan Stanley, cutting an estimated $106M.
- 491 institutional investors held Invesco Preferred ETF (PGX) as of Q1 2024, down from 494 in Q4 2023.
- Funds reported $2.1B of Invesco Preferred ETF stock for Q1 2024, down 5.4% quarter-over-quarter.
- 56 funds opened new Invesco Preferred ETF positions in Q1 2024 and 47 closed out, a net change of +9 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 Morgan Stanley, an estimated $106M sold.
Based on aggregated 13F filings for Q1 2024.