Shares of Invesco Preferred ETF (NYSEARCA:PGX – Get Rating) gapped down prior to trading on Tuesday . The stock had previously closed at $12.46, but opened at $12.07. Invesco Preferred ETF shares last traded at $12.03, with a volume of 45,112 shares.
The company’s 50-day simple moving average is $12.66 and its 200 day simple moving average is $13.64.
A number of hedge funds have recently bought and sold shares of the business. FMR LLC boosted its holdings in shares of Invesco Preferred ETF by 517.1% during the 1st quarter. FMR LLC now owns 2,018 shares of the company’s stock worth $29,000 after buying an additional 1,691 shares during the period. OLD Mission Capital LLC bought a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth $1,653,000. Goldman Sachs Group Inc. raised its stake in Invesco Preferred ETF by 23.4% during the 3rd quarter. Goldman Sachs Group Inc. now owns 221,129 shares of the company’s stock valued at $3,324,000 after purchasing an additional 41,967 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Invesco Preferred ETF by 97.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 263,605 shares of the company’s stock valued at $3,962,000 after purchasing an additional 129,900 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Invesco Preferred ETF by 2.2% during the 3rd quarter. Invesco Ltd. now owns 481,956 shares of the company’s stock valued at $7,243,000 after purchasing an additional 10,390 shares during the last quarter.
The PowerShares Preferred Portfolio (Fund) is based on The BofA Merrill Lynch Core Fixed Rate Preferred Securities Index (Index). The Fund normally invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to replicate the total return of a diversified group of investment-grade preferred securities.
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