First Trust Advisors LP Boosts Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

First Trust Advisors LP grew its stake in Invesco Preferred ETF (NYSEARCA:PGX – Get Rating) by 244.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,272,578 shares of the company’s stock after purchasing an additional 903,021 shares during the period. First Trust Advisors LP owned approximately 0.32% of Invesco Preferred ETF worth $14,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in PGX. Sowell Financial Services LLC lifted its holdings in Invesco Preferred ETF by 3.5% in the fourth quarter. Sowell Financial Services LLC now owns 37,359 shares of the company’s stock valued at $418,000 after acquiring an additional 1,248 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Invesco Preferred ETF by 318.6% in the fourth quarter. Principal Financial Group Inc. now owns 1,083,869 shares of the company’s stock valued at $12,118,000 after acquiring an additional 824,967 shares during the last quarter. HBK Sorce Advisory LLC lifted its stake in Invesco Preferred ETF by 100.6% during the fourth quarter. HBK Sorce Advisory LLC now owns 482,060 shares of the company’s stock worth $5,389,000 after purchasing an additional 241,802 shares in the last quarter. Citigroup Inc. lifted its stake in Invesco Preferred ETF by 115.8% during the fourth quarter. Citigroup Inc. now owns 47,123 shares of the company’s stock worth $527,000 after purchasing an additional 25,291 shares in the last quarter. Finally, Spectrum Asset Management Inc. lifted its stake in Invesco Preferred ETF by 130.6% during the fourth quarter. Spectrum Asset Management Inc. now owns 2,295,453 shares of the company’s stock worth $25,663,000 after purchasing an additional 1,300,239 shares in the last quarter.

Invesco Preferred ETF Stock Performance

NYSEARCA:PGX opened at $11.12 on Wednesday. Invesco Preferred ETF has a 52 week low of $10.80 and a 52 week high of $13.43. The stock’s fifty day moving average is $11.35 and its two-hundred day moving average is $11.74.

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.