Fortitude Advisory Group L.L.C. Purchases 4,210 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Fortitude Advisory Group L.L.C. raised its stake in Invesco Preferred ETF (NYSEARCA:PGXGet Rating) by 82.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,329 shares of the company’s stock after purchasing an additional 4,210 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in Invesco Preferred ETF were worth $127,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of PGX. SBK Financial Inc. bought a new position in shares of Invesco Preferred ETF in the fourth quarter worth $36,000. HM Payson & Co. boosted its stake in Invesco Preferred ETF by 222.5% during the first quarter. HM Payson & Co. now owns 2,612 shares of the company’s stock valued at $35,000 after buying an additional 1,802 shares during the period. Comprehensive Financial Consultants Institutional Inc. bought a new stake in Invesco Preferred ETF during the fourth quarter valued at $38,000. Brown Brothers Harriman & Co. purchased a new stake in Invesco Preferred ETF during the first quarter valued at about $42,000. Finally, McIlrath & Eck LLC increased its holdings in shares of Invesco Preferred ETF by 32.6% in the first quarter. McIlrath & Eck LLC now owns 3,652 shares of the company’s stock worth $50,000 after buying an additional 898 shares during the period.

Invesco Preferred ETF Trading Down 0.7 %

PGX opened at $12.24 on Friday. The business’s 50-day moving average price is $12.73 and its 200-day moving average price is $12.77. Invesco Preferred ETF has a 12 month low of $11.93 and a 12 month high of $15.24.

About Invesco Preferred ETF

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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.

Further Reading

Institutional Ownership by Quarter for Invesco Preferred ETF (NYSEARCA:PGX)

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