Independent Wealth Network Inc. increased its holdings in Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,248 shares of the company’s stock after buying an additional 2,126 shares during the quarter. Independent Wealth Network Inc.’s holdings in Invesco Preferred ETF were worth $1,149,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in Invesco Preferred ETF during the fourth quarter worth $626,000. Centaurus Financial Inc. acquired a new position in Invesco Preferred ETF in the 4th quarter worth about $158,000. Wealth Enhancement Advisory Services LLC boosted its position in Invesco Preferred ETF by 257.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 524,158 shares of the company’s stock worth $6,044,000 after purchasing an additional 377,325 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Invesco Preferred ETF by 42.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 60,819 shares of the company’s stock valued at $682,000 after purchasing an additional 18,190 shares during the period. Finally, Legacy Private Trust Co. purchased a new stake in shares of Invesco Preferred ETF in the first quarter valued at approximately $251,000. 8.60% of the stock is owned by institutional investors and hedge funds.
Invesco Preferred ETF Price Performance
Shares of PGX stock opened at $11.66 on Friday. Invesco Preferred ETF has a 1-year low of $10.70 and a 1-year high of $12.52. The stock has a 50 day simple moving average of $11.50 and a 200-day simple moving average 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.
Featured Stories
- Five stocks we like better than Invesco Preferred ETF
- What Are Dividend Challengers?
- Pfizer is Locking in New Growth Through a New Acquisition
- Transportation Stocks Investing
- Copper Giant Freeport Slumps but Analysts See 33% Upside
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- The BYD Opportunity: Tesla-Like Growth at a Fraction of the Price
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).
Receive News & Ratings for Invesco Preferred ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Preferred ETF and related companies with MarketBeat.com's FREE daily email newsletter.
