Wetzel Investment Advisors Inc. bought a new position in shares of Invesco Preferred ETF (NYSEARCA:PGX – Free Report) in the 4th quarter, Holdings Channel reports. The fund bought 2,997 shares of the company’s stock, valued at approximately $34,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in PGX. First Trust Advisors LP raised its stake in Invesco Preferred ETF by 231.0% during the 1st quarter. First Trust Advisors LP now owns 4,211,949 shares of the company’s stock valued at $48,353,000 after acquiring an additional 2,939,371 shares during the last quarter. LPL Financial LLC raised its stake in shares of Invesco Preferred ETF by 12.2% during the third quarter. LPL Financial LLC now owns 14,641,628 shares of the company’s stock worth $160,326,000 after purchasing an additional 1,587,869 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Invesco Preferred ETF by 11.3% during the second quarter. Wells Fargo & Company MN now owns 14,149,235 shares of the company’s stock worth $160,877,000 after purchasing an additional 1,441,572 shares during the period. Stonebridge Advisors LLC purchased a new position in Invesco Preferred ETF in the 4th quarter valued at $14,227,000. Finally, Cerity Partners LLC acquired a new position in Invesco Preferred ETF in the 4th quarter valued at $11,712,000.
Invesco Preferred ETF Stock Performance
Shares of Invesco Preferred ETF stock opened at $11.39 on Monday. Invesco Preferred ETF has a one year low of $10.14 and a one year high of $12.06. The firm has a fifty day moving average of $11.80 and a two-hundred day moving average of $11.40.
Invesco Preferred ETF Company 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.
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Want to see what other hedge funds are holding PGX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Preferred ETF (NYSEARCA:PGX – Free Report).
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