Hyposwiss Advisors SA Invests $529,000 in Invesco Preferred ETF $PGX

Hyposwiss Advisors SA acquired a new position in shares of Invesco Preferred ETF (NYSEARCA:PGX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 47,070 shares of the company’s stock, valued at approximately $529,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. New England Private Wealth Advisors LLC boosted its position in shares of Invesco Preferred ETF by 1.6% during the fourth quarter. New England Private Wealth Advisors LLC now owns 58,682 shares of the company’s stock worth $660,000 after buying an additional 916 shares during the period. Shepherd Kaplan Krochuk LLC boosted its position in shares of Invesco Preferred ETF by 0.6% during the third quarter. Shepherd Kaplan Krochuk LLC now owns 153,126 shares of the company’s stock worth $1,776,000 after buying an additional 962 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Invesco Preferred ETF by 6.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 16,192 shares of the company’s stock worth $182,000 after buying an additional 1,046 shares during the period. KG&L Capital Management LLC boosted its position in shares of Invesco Preferred ETF by 0.5% during the fourth quarter. KG&L Capital Management LLC now owns 198,892 shares of the company’s stock worth $2,236,000 after buying an additional 1,068 shares during the period. Finally, Friedenthal Financial boosted its position in shares of Invesco Preferred ETF by 4.2% during the fourth quarter. Friedenthal Financial now owns 29,051 shares of the company’s stock worth $327,000 after buying an additional 1,158 shares during the period. 8.60% of the stock is owned by institutional investors and hedge funds.

Invesco Preferred ETF Stock Down 0.3%

PGX stock opened at $10.96 on Thursday. The business has a 50-day moving average of $11.06 and a 200-day moving average of $11.20. Invesco Preferred ETF has a fifty-two week low of $10.84 and a fifty-two week high of $11.92.

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.