Invesco Preferred ETF $PGX Stock Position Lifted by Osaic Holdings Inc.

Osaic Holdings Inc. lifted its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 3.9% during the second quarter, Holdings Channel.com reports. The firm owned 1,751,764 shares of the company’s stock after acquiring an additional 65,918 shares during the period. Osaic Holdings Inc.’s holdings in Invesco Preferred ETF were worth $19,498,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PGX. Clearstead Trust LLC bought a new stake in shares of Invesco Preferred ETF during the 2nd quarter worth about $32,000. Abound Wealth Management acquired a new position in shares of Invesco Preferred ETF during the second quarter valued at approximately $33,000. Motco bought a new stake in Invesco Preferred ETF during the second quarter worth approximately $39,000. SVB Wealth LLC acquired a new stake in Invesco Preferred ETF in the first quarter worth approximately $43,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Invesco Preferred ETF during the 2nd quarter valued at $44,000. Institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Trading Down 0.1%

Shares of PGX stock opened at $11.29 on Thursday. Invesco Preferred ETF has a 1 year low of $10.70 and a 1 year high of $11.92. The business’s fifty day moving average is $11.39 and its 200-day moving average is $11.38.

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.