Charles Schwab Trust Co Boosts Stock Position in Invesco Preferred ETF $PGX

Charles Schwab Trust Co lifted its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 116.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 244,667 shares of the company’s stock after buying an additional 131,429 shares during the period. Charles Schwab Trust Co owned about 0.07% of Invesco Preferred ETF worth $2,723,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PGX. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Invesco Preferred ETF during the 1st quarter worth approximately $9,537,000. Goldman Sachs Group Inc. grew its holdings in shares of Invesco Preferred ETF by 57.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,874,427 shares of the company’s stock worth $21,031,000 after acquiring an additional 683,754 shares during the period. LPL Financial LLC grew its holdings in shares of Invesco Preferred ETF by 3.3% in the 1st quarter. LPL Financial LLC now owns 15,193,057 shares of the company’s stock worth $170,466,000 after acquiring an additional 486,697 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Invesco Preferred ETF in the 2nd quarter worth approximately $4,964,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Invesco Preferred ETF by 257.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 524,158 shares of the company’s stock valued at $6,044,000 after buying an additional 377,325 shares during the last quarter. 8.60% of the stock is owned by hedge funds and other institutional investors.

Invesco Preferred ETF Price Performance

Shares of Invesco Preferred ETF stock opened at $11.66 on Friday. Invesco Preferred ETF has a fifty-two week low of $10.70 and a fifty-two week high of $12.52. The business’s fifty day moving average is $11.50 and its two-hundred day moving average is $11.25.

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.