Invesco Ltd. Has $1.24 Million Stock Position in Invesco Preferred ETF $PGX

Invesco Ltd. lowered its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 7.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 110,913 shares of the company’s stock after selling 8,439 shares during the period. Invesco Ltd.’s holdings in Invesco Preferred ETF were worth $1,244,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Invesco Preferred ETF during the first quarter worth approximately $1,132,000. Farther Finance Advisors LLC grew its stake in Invesco Preferred ETF by 1,730.7% during the first quarter. Farther Finance Advisors LLC now owns 26,802 shares of the company’s stock worth $302,000 after purchasing an additional 25,338 shares during the period. GAMMA Investing LLC grew its stake in Invesco Preferred ETF by 27.3% during the first quarter. GAMMA Investing LLC now owns 35,246 shares of the company’s stock worth $395,000 after purchasing an additional 7,569 shares during the period. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in Invesco Preferred ETF during the first quarter worth approximately $173,000. Finally, Harbour Investments Inc. grew its stake in Invesco Preferred ETF by 25.5% during the first quarter. Harbour Investments Inc. now owns 5,720 shares of the company’s stock worth $64,000 after purchasing an additional 1,161 shares during the period. Institutional investors and hedge funds own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Down 0.4%

NYSEARCA PGX opened at $11.44 on Tuesday. Invesco Preferred ETF has a one year low of $10.70 and a one year high of $12.54. The business has a 50 day simple moving average of $11.31 and a 200 day simple moving average of $11.23.

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.