Boothe Investment Group Inc. Purchases 27,415 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Boothe Investment Group Inc. boosted its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 12.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 249,835 shares of the company’s stock after purchasing an additional 27,415 shares during the quarter. Invesco Preferred ETF comprises 1.3% of Boothe Investment Group Inc.’s holdings, making the stock its 24th biggest position. Boothe Investment Group Inc.’s holdings in Invesco Preferred ETF were worth $2,803,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in Invesco Preferred ETF by 14.9% during the 4th quarter. Bank of America Corp DE now owns 63,414,625 shares of the company’s stock worth $731,171,000 after purchasing an additional 8,205,825 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Invesco Preferred ETF by 9.5% during the 4th quarter. Wells Fargo & Company MN now owns 16,086,648 shares of the company’s stock worth $185,479,000 after purchasing an additional 1,397,140 shares during the last quarter. LPL Financial LLC increased its stake in shares of Invesco Preferred ETF by 14.8% in the 4th quarter. LPL Financial LLC now owns 14,706,360 shares of the company’s stock valued at $169,564,000 after acquiring an additional 1,897,392 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Invesco Preferred ETF in the 4th quarter valued at about $110,748,000. Finally, Spectrum Asset Management Inc. increased its stake in shares of Invesco Preferred ETF by 64.7% in the 4th quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock valued at $66,546,000 after acquiring an additional 2,266,498 shares during the last quarter.

Invesco Preferred ETF Stock Down 0.4%

Shares of PGX stock opened at $11.00 on Monday. The stock has a 50-day moving average of $10.99 and a 200-day moving average of $11.38. Invesco Preferred ETF has a one year low of $10.70 and a one year high of $12.54.

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.