Invesco Preferred ETF $PGX Holdings Lifted by Allworth Financial LP

Allworth Financial LP raised its position in Invesco Preferred ETF (NYSEARCA:PGX) by 8.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,848,588 shares of the company’s stock after purchasing an additional 221,139 shares during the quarter. Allworth Financial LP owned about 0.82% of Invesco Preferred ETF worth $31,705,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Abound Wealth Management bought a new position in Invesco Preferred ETF in the 2nd quarter worth approximately $33,000. Motco acquired a new position in Invesco Preferred ETF during the 2nd quarter worth $39,000. SVB Wealth LLC bought a new position in shares of Invesco Preferred ETF in the first quarter worth $43,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings 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 valued at $60,000 after purchasing an additional 2,637 shares during the period. Finally, Harbour Investments Inc. raised its stake 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 valued at $64,000 after purchasing an additional 1,161 shares in the last quarter. 8.60% of the stock is currently owned by institutional investors and hedge funds.

Invesco Preferred ETF Stock Down 0.1%

PGX stock opened at $11.43 on Monday. The company has a 50-day simple moving average of $11.62 and a 200 day simple moving average of $11.33. Invesco Preferred ETF has a fifty-two week low of $10.70 and a fifty-two week high of $12.32.

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.