Principal Financial Group Inc. Grows Position in Invesco Preferred ETF (NYSEARCA:PGX)

Principal Financial Group Inc. boosted its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 632.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,686 shares of the company’s stock after purchasing an additional 81,764 shares during the period. Principal Financial Group Inc.’s holdings in Invesco Preferred ETF were worth $1,169,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Apollon Wealth Management LLC raised its holdings in Invesco Preferred ETF by 2,034.9% in the second quarter. Apollon Wealth Management LLC now owns 2,439,962 shares of the company’s stock valued at $28,182,000 after buying an additional 2,325,672 shares during the period. ACT Advisors LLC. purchased a new position in shares of Invesco Preferred ETF in the 3rd quarter valued at $17,368,000. LPL Financial LLC lifted its holdings in shares of Invesco Preferred ETF by 9.7% during the 2nd quarter. LPL Financial LLC now owns 13,579,206 shares of the company’s stock valued at $156,840,000 after acquiring an additional 1,197,584 shares in the last quarter. Cetera Investment Advisers boosted its position in Invesco Preferred ETF by 120.5% during the 1st quarter. Cetera Investment Advisers now owns 742,883 shares of the company’s stock worth $8,825,000 after purchasing an additional 405,912 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in Invesco Preferred ETF in the 2nd quarter valued at $3,917,000.

Invesco Preferred ETF Price Performance

NYSEARCA:PGX opened at $11.95 on Friday. The business’s 50-day moving average is $12.26 and its two-hundred day moving average is $11.90. Invesco Preferred ETF has a 12 month low of $10.91 and a 12 month high of $12.54.

About Invesco Preferred ETF

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.