Bessemer Group Inc. Has $38.77 Million Holdings in Invesco Preferred ETF $PGX

Bessemer Group Inc. raised its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 0.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,483,513 shares of the company’s stock after buying an additional 1,298 shares during the quarter. Bessemer Group Inc. owned about 1.01% of Invesco Preferred ETF worth $38,771,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PGX. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Invesco Preferred ETF during the first quarter worth approximately $9,537,000. Goldman Sachs Group Inc. lifted its holdings in shares of Invesco Preferred ETF by 57.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,874,427 shares of the company’s stock worth $21,031,000 after buying an additional 683,754 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of 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 buying an additional 486,697 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Invesco Preferred ETF during the second quarter worth approximately $4,964,000. Finally, Jane Street Group LLC lifted its holdings in shares of Invesco Preferred ETF by 181.6% during the first quarter. Jane Street Group LLC now owns 420,120 shares of the company’s stock worth $4,714,000 after buying an additional 270,939 shares during the last quarter. 8.60% of the stock is currently owned by institutional investors and hedge funds.

Invesco Preferred ETF Trading Up 0.3%

Shares of PGX stock opened at $11.61 on Tuesday. Invesco Preferred ETF has a 12 month low of $10.70 and a 12 month high of $12.32. The stock has a 50 day moving average of $11.63 and a 200-day moving average of $11.29.

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.