Invesco Preferred ETF
402 hedge funds and large institutions have $1.94B invested in Invesco Preferred ETF in 2025 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 118 increasing their positions, 154 reducing their positions, and 48 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
0% less capital invested
Capital invested by funds: $1.95B → $1.94B (-$9.58M)
1.03% less ownership
Funds ownership: 49.73% → 48.7% (-1%)
6% less funds holding
Funds holding: 428 → 402 (-26)
23% less repeat investments, than reductions
Existing positions increased: 118 | Existing positions reduced: 154
33% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 48
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$15.3M |
| 2 |
MSWM
Mader & Shannon Wealth Management
Kansas City,
Missouri
|
+$14.3M |
| 3 |
AP
Advisors Preferred
Rockville,
Maryland
|
+$6.27M |
| 4 |
CA
Clearstead Advisors
Cleveland,
Ohio
|
+$4.91M |
| 5 |
HA
Harfst & Associates
Sheridan,
Wyoming
|
+$3.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$37.6M |
| 2 |
Renaissance Technologies
New York
|
-$16.9M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$13.4M |
| 4 |
SAMC
Spectrum Asset Management (Connecticut)
Stamford,
Connecticut
|
-$11.9M |
| 5 |
CC
Centiva Capital
New York
|
-$10M |
PGX Hedge Fund Activity: Q3 2025 in Review
402 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q3 2025, worth a combined $1.94B — down 0.49% from $1.95B a quarter earlier.
Sellers outnumbered buyers: 48 funds closed out of PGX and 32 opened new positions — a net loss of 16 holders — while 154 trimmed existing stakes and 118 added.
The largest buyer was Bank of America, adding an estimated $15.3M. The largest seller was First Trust Advisors, exiting entirely with an estimated $37.6M sold.
- 402 institutional investors held Invesco Preferred ETF (PGX) as of Q3 2025, down from 428 in Q2 2025.
- Funds reported $1.94B of Invesco Preferred ETF stock for Q3 2025, down 0.49% quarter-over-quarter.
- 32 funds opened new Invesco Preferred ETF positions in Q3 2025 and 48 closed out, a net change of -16 holders.
- The largest Invesco Preferred ETF buyer in Q3 2025 was Bank of America, an estimated $15.3M added.
- The largest Invesco Preferred ETF seller in Q3 2025 was First Trust Advisors, an estimated $37.6M sold.
Based on aggregated 13F filings for Q3 2025.