Invesco Preferred ETF $PGX Stock Bought by Prairiewood Capital LLC

Prairiewood Capital LLC boosted its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 10.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 728,526 shares of the company’s stock after buying an additional 70,580 shares during the quarter. Invesco Preferred ETF makes up approximately 1.8% of Prairiewood Capital LLC’s investment portfolio, making the stock its 16th largest position. Prairiewood Capital LLC’s holdings in Invesco Preferred ETF were worth $7,336,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in Invesco Preferred ETF by 3.4% in the first quarter. Bank of America Corp DE now owns 81,133,531 shares of the company’s stock worth $882,733,000 after acquiring an additional 2,684,132 shares in the last quarter. Allworth Financial LP increased its stake in shares of Invesco Preferred ETF by 2.1% in the second quarter. Allworth Financial LP now owns 3,438,874 shares of the company’s stock worth $37,277,000 after purchasing an additional 71,096 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Invesco Preferred ETF by 3.3% in the 1st quarter. Checchi Capital Advisers LLC now owns 1,389,774 shares of the company’s stock worth $15,121,000 after purchasing an additional 44,155 shares during the period. Stonebridge Advisors LLC increased its stake in Invesco Preferred ETF by 54.4% in the 1st quarter. Stonebridge Advisors LLC now owns 1,223,779 shares of the company’s stock worth $13,315,000 after acquiring an additional 431,371 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Invesco Preferred ETF by 47.2% in the second quarter. Envestnet Asset Management Inc. now owns 976,257 shares of the company’s stock worth $10,583,000 after acquiring an additional 313,045 shares in the last quarter. 8.60% of the stock is owned by institutional investors and hedge funds.

Invesco Preferred ETF Stock Performance

Invesco Preferred ETF stock traded down $0.05 during mid-day trading on Friday, hitting $10.04. The company’s stock had a trading volume of 20,820,339 shares, compared to its average volume of 3,963,934. The business has a 50 day moving average price of $10.38 and a 200-day moving average price of $10.75. Invesco Preferred ETF has a 12 month low of $9.93 and a 12 month high of $11.64.

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. 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.