Creative Planning Has $9.68 Million Holdings in Invesco Preferred ETF $PGX

Creative Planning boosted its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 869,625 shares of the company’s stock after purchasing an additional 20,235 shares during the period. Creative Planning owned about 0.25% of Invesco Preferred ETF worth $9,679,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC raised its holdings in Invesco Preferred ETF by 3.3% during the first quarter. LPL Financial LLC now owns 15,193,057 shares of the company’s stock worth $170,466,000 after acquiring an additional 486,697 shares in the last quarter. Spectrum Asset Management Inc. increased its position in shares of Invesco Preferred ETF by 28.4% during the 2nd quarter. Spectrum Asset Management Inc. now owns 4,669,495 shares of the company’s stock worth $51,972,000 after purchasing an additional 1,033,904 shares during the last quarter. Allworth Financial LP raised its stake in shares of Invesco Preferred ETF by 8.4% during the 2nd quarter. Allworth Financial LP now owns 2,848,588 shares of the company’s stock worth $31,705,000 after purchasing an additional 221,139 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Invesco Preferred ETF by 8.1% in the 1st quarter. Raymond James Financial Inc. now owns 2,769,857 shares of the company’s stock valued at $31,078,000 after buying an additional 208,107 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Invesco Preferred ETF by 57.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,874,427 shares of the company’s stock valued at $21,031,000 after buying an additional 683,754 shares in the last quarter. 8.60% of the stock is currently owned by institutional investors and hedge funds.

Invesco Preferred ETF Stock Performance

Shares of PGX opened at $11.28 on Wednesday. The company’s fifty day simple moving average is $11.60 and its 200 day simple moving average is $11.35. Invesco Preferred ETF has a 1-year low of $10.70 and a 1-year high of $12.07.

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.