Stone Summit Wealth LLC Grows Stake in Invesco Preferred ETF $PGX

Stone Summit Wealth LLC increased its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 6.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,700 shares of the company’s stock after purchasing an additional 2,950 shares during the quarter. Stone Summit Wealth LLC’s holdings in Invesco Preferred ETF were worth $564,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PGX. Abound Wealth Management purchased a new stake in shares of Invesco Preferred ETF during the second quarter worth about $33,000. SVB Wealth LLC purchased a new stake in shares of Invesco Preferred ETF during the first quarter worth about $43,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Invesco Preferred ETF by 94.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,430 shares of the company’s stock worth $60,000 after purchasing an additional 2,637 shares in the last quarter. Harbour Investments Inc. grew its position in shares of 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 in the last quarter. Finally, LFA Lugano Financial Advisors SA grew its position in shares of Invesco Preferred ETF by 382.5% during the first quarter. LFA Lugano Financial Advisors SA now owns 9,530 shares of the company’s stock worth $107,000 after purchasing an additional 7,555 shares in the last quarter. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Performance

NYSEARCA:PGX opened at $11.66 on Friday. Invesco Preferred ETF has a 12-month low of $10.70 and a 12-month high of $12.52. The stock has a 50-day moving average price of $11.50 and a 200 day moving average price of $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.