Invesco Preferred ETF
423 hedge funds and large institutions have $2.19B invested in Invesco Preferred ETF in 2025 Q4 according to their latest regulatory filings, with 69 funds opening new positions, 114 increasing their positions, 154 reducing their positions, and 44 closing their positions.
57% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 44
13% more capital invested
Capital invested by funds: $1.94B → $2.19B (+$250M)
5.53% more ownership
Funds ownership: 48.7% → 54.23% (+5.5%)
5% more funds holding
Funds holding: 402 → 423 (+21)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
26% less repeat investments, than reductions
Existing positions increased: 114 | Existing positions reduced: 154
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$142M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$83.5M |
| 3 |
Cohen & Steers
New York
|
+$23.4M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$22.4M |
| 5 |
SAMC
Spectrum Asset Management (Connecticut)
Stamford,
Connecticut
|
+$19.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$11.3M |
| 2 |
LPL Financial
San Diego,
California
|
-$8.97M |
| 3 |
Morgan Stanley
New York
|
-$6.54M |
| 4 |
AP
Advisors Preferred
Rockville,
Maryland
|
-$6.43M |
| 5 |
SG Americas Securities
New York
|
-$4.44M |
PGX Hedge Fund Activity: Q4 2025 in Review
423 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Invesco Preferred ETF (PGX) for Q4 2025, worth a combined $2.19B — up 13% from $1.94B a quarter earlier.
Buyers outnumbered sellers: 69 funds opened new PGX positions and 44 closed out — a net gain of 25 holders — while 114 added to existing stakes and 154 trimmed.
The largest buyer was Bank of America, adding an estimated $142M. The largest seller was Goldman Sachs, cutting an estimated $11.3M.
- 423 institutional investors held Invesco Preferred ETF (PGX) as of Q4 2025, up from 402 in Q3 2025.
- Funds reported $2.19B of Invesco Preferred ETF stock for Q4 2025, up 13% quarter-over-quarter.
- 69 funds opened new Invesco Preferred ETF positions in Q4 2025 and 44 closed out, a net change of +25 holders.
- The largest Invesco Preferred ETF buyer in Q4 2025 was Bank of America, an estimated $142M added.
- The largest Invesco Preferred ETF seller in Q4 2025 was Goldman Sachs, an estimated $11.3M sold.
Based on aggregated 13F filings for Q4 2025.