Aletheian Wealth Advisors LLC Has $613,000 Position in Invesco Preferred ETF $PGX

Aletheian Wealth Advisors LLC lifted its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 18.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 55,082 shares of the company’s stock after purchasing an additional 8,676 shares during the quarter. Aletheian Wealth Advisors LLC’s holdings in Invesco Preferred ETF were worth $613,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. SVB Wealth LLC bought a new stake in Invesco Preferred ETF during the first quarter worth about $43,000. Harbour Investments Inc. raised its holdings in Invesco Preferred ETF by 25.5% during the first quarter. Harbour Investments Inc. now owns 5,720 shares of the company’s stock worth $64,000 after acquiring an additional 1,161 shares in the last quarter. Ameriflex Group Inc. bought a new stake in Invesco Preferred ETF in the fourth quarter valued at approximately $91,000. Fourth Dimension Wealth LLC bought a new stake in Invesco Preferred ETF in the fourth quarter valued at approximately $104,000. Finally, LFA Lugano Financial Advisors SA raised its stake in Invesco Preferred ETF by 382.5% in the first quarter. LFA Lugano Financial Advisors SA now owns 9,530 shares of the company’s stock valued at $107,000 after buying an additional 7,555 shares during the period. Institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Performance

NYSEARCA:PGX opened at $11.83 on Friday. The stock’s 50 day moving average price is $11.40 and its two-hundred day moving average price is $11.23. Invesco Preferred ETF has a 12-month low of $10.70 and a 12-month high of $12.54.

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.