Park Avenue Securities LLC Makes New $420,000 Investment in Invesco Preferred ETF $PGX

Park Avenue Securities LLC bought a new position in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 37,754 shares of the company’s stock, valued at approximately $420,000.

A number of other hedge funds have also recently made changes to their positions in PGX. Brighton Jones LLC bought a new stake in shares of Invesco Preferred ETF in the 4th quarter worth approximately $626,000. Centaurus Financial Inc. bought a new stake in shares of Invesco Preferred ETF in the 4th quarter worth approximately $158,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Invesco Preferred ETF by 257.0% in the 4th 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. GAMMA Investing LLC boosted its position in shares of Invesco Preferred ETF by 1,328.8% in the 1st quarter. GAMMA Investing LLC now owns 395,460 shares of the company’s stock worth $44,370,000 after purchasing an additional 367,783 shares in the last quarter. Finally, NBC Securities Inc. boosted its position in shares of Invesco Preferred ETF by 110,046.9% in the 1st quarter. NBC Securities Inc. now owns 35,247 shares of the company’s stock worth $395,000 after purchasing an additional 35,215 shares in the last quarter. 8.60% of the stock is owned by institutional investors.

Invesco Preferred ETF Price Performance

Shares of PGX opened at $11.66 on Tuesday. The business’s 50 day moving average price is $11.51 and its 200-day moving average price is $11.25. Invesco Preferred ETF has a 52 week low of $10.70 and a 52 week high of $12.52.

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.