Harbour Investments Inc. Has $64,000 Position in Invesco Preferred ETF (NYSEARCA:PGX)

Harbour Investments Inc. increased its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 25.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,720 shares of the company’s stock after acquiring an additional 1,161 shares during the period. Harbour Investments Inc.’s holdings in Invesco Preferred ETF were worth $64,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Geneos Wealth Management Inc. lifted its holdings in Invesco Preferred ETF by 7.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 401,069 shares of the company’s stock valued at $4,500,000 after purchasing an additional 26,903 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC bought a new position in Invesco Preferred ETF during the 1st quarter valued at about $173,000. LPL Financial LLC lifted its holdings in Invesco Preferred ETF by 3.3% during the 1st quarter. LPL Financial LLC now owns 15,193,057 shares of the company’s stock valued at $170,466,000 after purchasing an additional 486,697 shares during the last quarter. Texas Yale Capital Corp. lifted its holdings in Invesco Preferred ETF by 20.6% during the 1st quarter. Texas Yale Capital Corp. now owns 15,800 shares of the company’s stock valued at $177,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Invesco Preferred ETF by 5.5% during the 1st quarter. Cetera Investment Advisers now owns 411,582 shares of the company’s stock valued at $4,618,000 after purchasing an additional 21,612 shares during the last quarter. 8.60% of the stock is currently owned by institutional investors and hedge funds.

Invesco Preferred ETF Price Performance

Shares of PGX stock opened at $11.33 on Friday. Invesco Preferred ETF has a 12-month low of $10.70 and a 12-month high of $12.54. The firm has a 50-day moving average price of $11.17 and a 200 day moving average price of $11.25.

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.