Independent Financial Group LLC purchased a new stake in Invesco Preferred ETF (NYSEARCA:PGX – Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 57,191 shares of the company’s stock, valued at approximately $622,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Triumph Capital Management bought a new stake in Invesco Preferred ETF during the third quarter worth approximately $29,000. First United Bank & Trust raised its position in Invesco Preferred ETF by 32.1% during the first quarter. First United Bank & Trust now owns 4,343 shares of the company’s stock valued at $47,000 after purchasing an additional 1,055 shares during the period. Bayban bought a new stake in shares of Invesco Preferred ETF in the 4th quarter valued at approximately $52,000. Global Assets Advisory LLC bought a new stake in shares of Invesco Preferred ETF in the 1st quarter valued at approximately $52,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Invesco Preferred ETF in the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 8.60% of the company’s stock.
Invesco Preferred ETF Price Performance
NYSEARCA PGX opened at $10.76 on Thursday. The business’s 50 day moving average price is $10.91 and its 200-day moving average price is $11.13. Invesco Preferred ETF has a fifty-two week low of $10.75 and a fifty-two 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.
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