Cohen & Steers Inc. Has $24.26 Million Stake in Invesco Preferred ETF $PGX

Cohen & Steers Inc. boosted its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 1,881.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,157,935 shares of the company’s stock after purchasing an additional 2,049,049 shares during the period. Cohen & Steers Inc.’s holdings in Invesco Preferred ETF were worth $24,255,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PGX. Triumph Capital Management acquired a new stake in shares of Invesco Preferred ETF in the 3rd quarter valued at $29,000. Ransom Advisory Ltd acquired a new stake in shares of Invesco Preferred ETF in the 4th quarter valued at $31,000. International Assets Investment Management LLC acquired a new stake in shares of Invesco Preferred ETF in the 4th quarter valued at $55,000. EverSource Wealth Advisors LLC increased its stake in shares of Invesco Preferred ETF by 93.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,003 shares of the company’s stock valued at $67,000 after buying an additional 2,903 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of Invesco Preferred ETF in the 3rd quarter valued at $70,000. 8.60% of the stock is owned by institutional investors and hedge funds.

Invesco Preferred ETF Price Performance

NYSEARCA PGX opened at $10.92 on Friday. The stock has a fifty day moving average of $11.06 and a 200-day moving average of $11.21. Invesco Preferred ETF has a 52 week low of $10.84 and a 52 week 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.