72,634 Shares in Invesco Preferred ETF $PGX Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. acquired a new position in Invesco Preferred ETF (NYSEARCA:PGX) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 72,634 shares of the company’s stock, valued at approximately $731,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. North Star Investment Management Corp. purchased a new position in Invesco Preferred ETF in the third quarter valued at about $49,000. Oppenheimer & Co. Inc. acquired a new position in shares of Invesco Preferred ETF during the third quarter valued at about $498,000. Park Avenue Securities LLC bought a new position in Invesco Preferred ETF in the third quarter worth $236,000. Noesis Capital Mangement Corp acquired a new position in shares of Invesco Preferred ETF in the 3rd quarter worth approximately $4,623,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in Invesco Preferred ETF during the 3rd quarter worth approximately $337,000. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Down 0.2%

Shares of NYSEARCA PGX traded down $0.02 during mid-day trading on Friday, hitting $9.93. The company’s stock had a trading volume of 20,576,790 shares, compared to its average volume of 4,438,386. The company’s fifty day simple moving average is $10.16 and its 200-day simple moving average is $10.82. Invesco Preferred ETF has a one year low of $9.81 and a one year high of $11.55.

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.