Clearstead Advisors LLC Boosts Stake in Invesco Preferred ETF $PGX

Clearstead Advisors LLC grew its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 38.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,682,990 shares of the company’s stock after acquiring an additional 466,546 shares during the period. Clearstead Advisors LLC’s holdings in Invesco Preferred ETF were worth $18,917,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Triumph Capital Management purchased a new position in shares of Invesco Preferred ETF during the 3rd quarter worth approximately $29,000. Ransom Advisory Ltd purchased a new position in shares of Invesco Preferred ETF during the 4th quarter worth approximately $31,000. WealthShield Partners LLC grew its holdings 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 during the period. International Assets Investment Management LLC purchased a new position in shares of Invesco Preferred ETF during the 4th quarter worth approximately $55,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Invesco Preferred ETF by 93.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,003 shares of the company’s stock worth $67,000 after acquiring an additional 2,903 shares during the period. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Performance

PGX stock opened at $10.95 on Monday. Invesco Preferred ETF has a fifty-two week low of $10.83 and a fifty-two week high of $11.92. The business’s 50 day moving average price is $11.09 and its two-hundred day moving average price is $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. 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.