International Assets Investment Management LLC Purchases New Shares in Invesco Preferred ETF (NYSEARCA:PGX)

International Assets Investment Management LLC purchased a new stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 445,537 shares of the company’s stock, valued at approximately $5,110,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Modera Wealth Management LLC increased its stake in Invesco Preferred ETF by 4.2% in the third quarter. Modera Wealth Management LLC now owns 21,802 shares of the company’s stock worth $239,000 after purchasing an additional 877 shares during the period. HighTower Advisors LLC increased its stake in Invesco Preferred ETF by 1.5% in the first quarter. HighTower Advisors LLC now owns 62,337 shares of the company’s stock worth $716,000 after purchasing an additional 924 shares during the period. Centaurus Financial Inc. increased its stake in Invesco Preferred ETF by 10.5% in the first quarter. Centaurus Financial Inc. now owns 10,187 shares of the company’s stock worth $117,000 after purchasing an additional 969 shares during the period. IHT Wealth Management LLC increased its stake in Invesco Preferred ETF by 8.9% in the first quarter. IHT Wealth Management LLC now owns 14,464 shares of the company’s stock worth $166,000 after purchasing an additional 1,185 shares during the period. Finally, Equitable Holdings Inc. increased its stake in Invesco Preferred ETF by 9.7% in the first quarter. Equitable Holdings Inc. now owns 13,561 shares of the company’s stock worth $184,000 after purchasing an additional 1,198 shares during the period.

Invesco Preferred ETF Trading Down 1.6 %

PGX stock opened at $11.33 on Tuesday. The business’s fifty day simple moving average is $11.84 and its two-hundred day simple moving average is $11.38. Invesco Preferred ETF has a twelve month low of $10.14 and a twelve month high of $12.06.

Invesco Preferred ETF Profile

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.