Invesco Preferred ETF $PGX Position Boosted by IFP Advisors Inc

IFP Advisors Inc grew its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,955 shares of the company’s stock after purchasing an additional 4,517 shares during the period. IFP Advisors Inc owned approximately 0.06% of Invesco Preferred ETF worth $2,203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of PGX. Brighton Jones LLC purchased a new stake in Invesco Preferred ETF during the fourth quarter valued at about $626,000. Farther Finance Advisors LLC lifted its stake in Invesco Preferred ETF by 1,730.7% during the first quarter. Farther Finance Advisors LLC now owns 26,802 shares of the company’s stock valued at $302,000 after buying an additional 25,338 shares in the last quarter. GAMMA Investing LLC lifted its stake in Invesco Preferred ETF by 27.3% during the first quarter. GAMMA Investing LLC now owns 35,246 shares of the company’s stock valued at $395,000 after buying an additional 7,569 shares in the last quarter. Integrated Advisors Network LLC purchased a new stake in Invesco Preferred ETF during the first quarter valued at about $267,000. Finally, Sound Income Strategies LLC lifted its stake in Invesco Preferred ETF by 3.1% during the first quarter. Sound Income Strategies LLC now owns 466,621 shares of the company’s stock valued at $5,235,000 after buying an additional 13,862 shares in the last quarter. 8.60% of the stock is owned by hedge funds and other institutional investors.

Invesco Preferred ETF Stock Down 0.7%

PGX stock opened at $11.50 on Friday. Invesco Preferred ETF has a one year low of $10.70 and a one year high of $12.52. The firm has a 50-day moving average of $11.59 and a two-hundred day moving average of $11.26.

Invesco Preferred ETF 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.