Invesco Preferred ETF (NYSEARCA:PGX) Shares Gap Down to $12.46

Shares of Invesco Preferred ETF (NYSEARCA:PGXGet 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.

About Invesco Preferred ETF (NYSEARCA:PGX)

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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