Cane Capital Partners LLC Acquires Shares of 85,707 Invesco Preferred ETF $PGX

Cane Capital Partners LLC purchased a new position in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 85,707 shares of the company’s stock, valued at approximately $963,000.

Several other institutional investors have also modified their holdings of PGX. Triumph Capital Management purchased a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth approximately $29,000. Ransom Advisory Ltd purchased a new stake in shares of Invesco Preferred ETF during the 4th quarter worth approximately $31,000. WealthShield Partners LLC boosted its stake in shares of Invesco Preferred ETF by 753.8% during the 3rd quarter. WealthShield Partners LLC now owns 3,885 shares of the company’s stock worth $45,000 after acquiring an additional 3,430 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth approximately $70,000. Finally, American National Bank & Trust purchased a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth approximately $76,000. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Price Performance

Shares of NYSEARCA:PGX opened at $11.04 on Wednesday. The business’s 50 day simple moving average is $11.25 and its 200-day simple moving average is $11.36. Invesco Preferred ETF has a 12 month low of $10.70 and a 12 month high of $11.92.

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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.