Integrated Wealth Concepts LLC lifted its position in Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 11.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 461,448 shares of the company’s stock after purchasing an additional 47,971 shares during the period. Integrated Wealth Concepts LLC’s holdings in Invesco Preferred ETF were worth $5,002,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Triumph Capital Management bought a new stake in Invesco Preferred ETF during the third quarter valued at $29,000. First United Bank & Trust increased its stake in Invesco Preferred ETF by 32.1% in the 1st quarter. First United Bank & Trust now owns 4,343 shares of the company’s stock worth $47,000 after acquiring an additional 1,055 shares during the last quarter. Bayban bought a new position in Invesco Preferred ETF in the 4th quarter worth about $52,000. Global Assets Advisory LLC purchased a new stake in shares of Invesco Preferred ETF in the 1st quarter valued at about $52,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Invesco Preferred ETF in the 4th quarter valued at about $55,000. 8.60% of the stock is currently owned by institutional investors.
Invesco Preferred ETF Stock Performance
PGX stock opened at $10.43 on Friday. The company’s 50 day moving average is $10.68 and its 200 day moving average is $10.94. Invesco Preferred ETF has a 1-year low of $10.37 and a 1-year high of $11.92.
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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.
Featured Articles
- Five stocks we like better than Invesco Preferred ETF
- Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model
- Kroger’s Textbook Entry for Buy-and-Hold Investors
- AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window
- Amgen Drops 10% on a Trial It Didn’t Even Run
Want to see what other hedge funds are holding PGX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Preferred ETF (NYSEARCA:PGX – Free Report).
Receive News & Ratings for Invesco Preferred ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Preferred ETF and related companies with MarketBeat.com's FREE daily email newsletter.
