Invesco Preferred ETF
427 hedge funds and large institutions have $1.95B invested in Invesco Preferred ETF in 2025 Q2 according to their latest regulatory filings, with 41 funds opening new positions, 115 increasing their positions, 181 reducing their positions, and 59 closing their positions.
1.32% less ownership
Funds ownership: 51.05% → 49.73% (-1.3%)
5% less funds holding
Funds holding: 450 → 427 (-23)
9% less capital invested
Capital invested by funds: $2.14B → $1.95B (-$196M)
31% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 59
36% less repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 181
50% less funds holding in top 10
Funds holding in top 10: 8 → 4 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$16.7M |
| 2 |
SAMC
Spectrum Asset Management (Connecticut)
Stamford,
Connecticut
|
+$11.4M |
| 3 |
CSP
Cary Street Partners
Richmond,
Virginia
|
+$10M |
| 4 |
CC
Centiva Capital
New York
|
+$9.92M |
| 5 |
JP Morgan Chase
New York
|
+$8.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$91.8M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$42.7M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$22.1M |
| 4 |
Morgan Stanley
New York
|
-$10.4M |
| 5 |
Goldman Sachs
New York
|
-$8.66M |
PGX Hedge Fund Activity: Q2 2025 in Review
427 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q2 2025, worth a combined $1.95B — down 9.2% from $2.14B a quarter earlier.
Sellers outnumbered buyers: 59 funds closed out of PGX and 41 opened new positions — a net loss of 18 holders — while 181 trimmed existing stakes and 115 added.
The largest buyer was Renaissance Technologies, opening a new position worth an estimated $16.7M. The largest seller was LPL Financial, cutting an estimated $91.8M.
- 427 institutional investors held Invesco Preferred ETF (PGX) as of Q2 2025, down from 450 in Q1 2025.
- Funds reported $1.95B of Invesco Preferred ETF stock for Q2 2025, down 9.2% quarter-over-quarter.
- 41 funds opened new Invesco Preferred ETF positions in Q2 2025 and 59 closed out, a net change of -18 holders.
- The largest Invesco Preferred ETF buyer in Q2 2025 was Renaissance Technologies, an estimated $16.7M added.
- The largest Invesco Preferred ETF seller in Q2 2025 was LPL Financial, an estimated $91.8M sold.
Based on aggregated 13F filings for Q2 2025.