Invesco Preferred

PGX • ARCA

Invesco Preferred is an exchange-traded fund on ARCA. As of Q3 2025, 394 institutional investors hold shares in this ETF, with total holdings valued at $1.9B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $765.3M.

Overview

Overview of institutional ownership in PGX as of Q3 2025

All Institutions

Institutions: 394
Value Held: $1.9B
Shares Held: 166.1M
Avg Position: $4.9M
Median Position: $294.7K

Hedge Funds

Hedge Funds: 4
Value Held: $5.2M
Shares Held: 446.3K
Avg Position: $1.3M
Median Position: $1.3M

Biggest Investors

Institutions with the largest positions in PGX as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$765.3M 0.06% of portfolio	66.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$171.1M 0.04% of portfolio	14.7M shares	≤ Q2 2013 Held for 12y 5m+	$488.61B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$91.0M 0.01% of portfolio	7.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
L LPL Financial LLC Institution	-	$75.5M 0.02% of portfolio	6.5M shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$51.5M 0.00% of portfolio	4.4M shares	Q4 2014 Held for 10y 11m	$1.56T
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$47.2M 0.01% of portfolio	4.1M shares	≤ Q2 2013 Held for 12y 5m+	$433.11B
UBS Group AG Institution	Sergio P. Ermotti CEO	$46.9M 0.01% of portfolio	4.0M shares	Q4 2014 Held for 10y 11m	$511.54B
Spectrum Asset Management, Inc. Long Only Manager	Mark Alan Lieb CEO	$42.1M 96.45% of portfolio	3.6M shares	Q1 2022 Held for 3y 8m	$43.7M
B BESSEMER GROUP INC Institution	-	$40.4M 0.06% of portfolio	3.5M shares	Q2 2023 Held for 2y 5m	$64.4B
R ROYAL BANK OF CANADA Institution	-	$37.7M 0.01% of portfolio	3.2M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B

Net Capital Flow

Institutional buying and selling activity for PGX in Q3 2025

Net Flow: −$106.4M
Buyers: 122
Sellers: 196
Total Bought: +$55.3M
Total Sold: −$161.7M
Avg Position: $4.6M

Biggest Buyers

Institution	Net Bought	Current Position
BANK OF AMERICA CORP /DE/ Institution	+$15.5M +1.3M shares	$765.3M 66.0M shares
Hartland & Co., LLC RIA/Wealth	+$5.0M +428.9K shares	$14.1M 1.2M shares
Live Oak Investment Partners RIA/Wealth	+$3.5M +317.9K shares	$3.5M 317.9K shares
JPMORGAN CHASE & CO Institution	+$3.5M +298.0K shares	$51.5M 4.4M shares
R Rockefeller Capital Management L.P. Long Only Manager	+$3.4M +294.5K shares	$9.4M 813.9K shares
Hanson McClain, Inc. RIA/Wealth	+$2.3M +201.5K shares	$35.4M 3.1M shares
S SG Americas Securities, LLC Institution	+$2.3M +200.5K shares	$4.4M 382.8K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$2.3M +194.4K shares	$33.7M 2.9M shares
R ROYAL BANK OF CANADA Institution	+$1.8M +159.2K shares	$37.7M 3.2M shares
C Colony Group, LLC Institution	+$1.2M +107.2K shares	$4.9M 422.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
FIRST TRUST ADVISORS LP ETF Provider	−$37.6M −3.4M shares	Sold Off 0 shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$16.9M −1.5M shares	Sold Off 0 shares
UBS Group AG Institution	−$13.5M −1.2M shares	$46.9M 4.0M shares
Spectrum Asset Management, Inc. Long Only Manager	−$12.0M −1.0M shares	$42.1M 3.6M shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	−$10.0M −900.0K shares	Sold Off 0 shares
WELLS FARGO & COMPANY/MN Institution	−$9.7M −838.6K shares	$171.1M 14.7M shares
AMERIPRISE FINANCIAL INC Institution	−$9.5M −820.4K shares	$47.2M 4.1M shares
M Migdal Insurance & Financial Holdings Ltd. Institution	−$9.5M −850.0K shares	Sold Off 0 shares
E EXCHANGE TRADED CONCEPTS, LLC Institution	−$5.0M −446.0K shares	Sold Off 0 shares
L LPL Financial LLC Institution	−$4.0M −348.6K shares	$75.5M 6.5M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited PGX in Q3 2025

New Positions: 13
New Value: $1.7M
Exited Positions: 49
Exited Value: $88.7M

New Positions

Institution	Position Value
Beech Hill Advisors, Inc. RIA/Wealth	$364.4K 31.4K shares
E Elevation Capital Advisory, LLC RIA/Wealth	$362.8K 31.3K shares
S STATE FARM MUTUAL AUTOMOBILE INSURANCE CO Institution	$360.9K 31.1K shares
A Argent Trust Co Institution	$205.4K 17.7K shares
Weitzel Financial Services, Inc. RIA/Wealth	$171.4K 14.8K shares
Main Street Financial Solutions, LLC RIA/Wealth	$122.5K 10.6K shares
Triumph Capital Management RIA/Wealth	$28.5K 2.5K shares
FIRST HORIZON NATIONAL CORP RIA/Wealth	$13.9K 1.2K shares
Family Legacy Financial Solutions, LLC RIA/Wealth	$11.6K 1.0K shares
R Root Financial Partners, LLC RIA/Wealth	$4.3K 374.0 shares

Exited Positions

Institution	Previous Position
FIRST TRUST ADVISORS LP ETF Provider	$37.6M 3.4M shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$16.9M 1.5M shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	$10.0M 900.0K shares
M Migdal Insurance & Financial Holdings Ltd. Institution	$9.5M 850.0K shares
E EXCHANGE TRADED CONCEPTS, LLC Institution	$5.0M 446.0K shares
PRINCIPAL FINANCIAL GROUP INC Institution	$2.4M 214.0K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$989.9K 88.9K shares
Quantinno Capital Management LP Hedge Fund•Market Neutral	$784.3K 70.5K shares
Sanchez Wealth Management Group RIA/Wealth	$750.3K 67.4K shares
I Iowa State Bank Institution	$724.1K 65.1K shares

Options Activity

Institutions with the largest Call and Put options positions in PGX as of Q3 2025

Call Positions: 1
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with PGX as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Spectrum Asset Management, Inc. Long Only Manager	Mark Alan Lieb CEO	96.45% $42.1M	3.6M shares	Q1 2022 Held for 3y 8m	$43.7M
STONEBRIDGE ADVISORS LLC Long Only Manager	Scott Thomas Fleming CEO	13.54% $479.0K	41.3K shares	Q3 2025 Held for 2 months	$3.5M
Mader & Shannon Wealth Management, Inc. RIA/Wealth	James W Mader CEO	7.08% $14.4M	1.2M shares	Q3 2025 Held for 2 months	$204.0M
I Intrepid Financial Planning Group LLC RIA/Wealth	James Barber Twining CEO	3.16% $8.0M	692.1K shares	Q2 2022 Held for 3y 5m	$254.2M
Prairiewood Capital, LLC RIA/Wealth	Steven Michael Nelson Managing Partner	2.52% $7.6M	655.0K shares	Q4 2020 Held for 4y 11m	$301.6M
A ACUTE INVESTMENT ADVISORY, LLC RIA/Wealth	Matthew J. Deaton Member	2.20% $261.9K	22.6K shares	Q3 2024 Held for 1y 2m	$11.9M
Manske Wealth Management RIA/Wealth	Christopher Robert Manske Managing Partner	2.12% $6.9M	596.0K shares	Q4 2024 Held for 11 months	$326.0M
G Glaxis Capital Management, LLC Hedge Fund•Global Macro	Paul Vernon Holland Managing Partner	2.02% $1.2M	100.0K shares	Q3 2023 Held for 2y 2m	$57.5M
Live Oak Investment Partners RIA/Wealth	Michael Richard Hostick CCO	1.72% $3.5M	317.9K shares	Q2 2024 Held for 1y 5m	$202.0M
FIDUCIARY ADVISORS, INC. RIA/Wealth	Todd William Grizzle President	1.60% $2.0M	170.4K shares	Q4 2024 Held for 11 months	$123.8M