Eastern Bank Buys New Stake in Invesco Preferred ETF (NYSEARCA:PGX)

Eastern Bank purchased a new stake in Invesco Preferred ETF (NYSEARCA:PGX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,000 shares of the company’s stock, valued at approximately $37,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank boosted its position in Invesco Preferred ETF by 28.3% in the 1st quarter. Comerica Bank now owns 177,530 shares of the company’s stock valued at $2,109,000 after buying an additional 39,126 shares during the period. Oppenheimer & Co. Inc. boosted its position in Invesco Preferred ETF by 16.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 211,020 shares of the company’s stock valued at $2,507,000 after buying an additional 29,756 shares during the period. CreativeOne Wealth LLC boosted its position in Invesco Preferred ETF by 91.1% in the 1st quarter. CreativeOne Wealth LLC now owns 19,485 shares of the company’s stock valued at $232,000 after buying an additional 9,290 shares during the period. Kades & Cheifetz LLC lifted its position in shares of Invesco Preferred ETF by 1.8% during the 3rd quarter. Kades & Cheifetz LLC now owns 265,479 shares of the company’s stock worth $3,279,000 after purchasing an additional 4,649 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of Invesco Preferred ETF by 3.6% during the 3rd quarter. Sound Income Strategies LLC now owns 437,945 shares of the company’s stock worth $5,409,000 after purchasing an additional 15,151 shares during the last quarter.

Invesco Preferred ETF Stock Down 0.2 %

Invesco Preferred ETF stock opened at $12.20 on Friday. The company has a fifty day simple moving average of $12.26 and a 200-day simple moving average of $11.82. Invesco Preferred ETF has a 12-month low of $10.19 and a 12-month high of $12.54.

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.