Concurrent Investment Advisors LLC Grows Position in Invesco Preferred ETF $PGX

Concurrent Investment Advisors LLC increased its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 9.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,368 shares of the company’s stock after buying an additional 5,263 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Invesco Preferred ETF were worth $672,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PGX. Brighton Jones LLC purchased a new position in Invesco Preferred ETF during the 4th quarter worth approximately $626,000. GAMMA Investing LLC grew its stake in shares of Invesco Preferred ETF by 27.3% in the 1st quarter. GAMMA Investing LLC now owns 35,246 shares of the company’s stock valued at $395,000 after purchasing an additional 7,569 shares during the last quarter. Kingswood Wealth Advisors LLC grew its stake in shares of Invesco Preferred ETF by 68.7% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 47,635 shares of the company’s stock valued at $536,000 after purchasing an additional 19,400 shares during the last quarter. First PREMIER Bank grew its stake in shares of Invesco Preferred ETF by 1.0% in the 1st quarter. First PREMIER Bank now owns 264,662 shares of the company’s stock valued at $2,969,000 after purchasing an additional 2,637 shares during the last quarter. Finally, Buck Wealth Strategies LLC purchased a new position in shares of Invesco Preferred ETF in the 1st quarter valued at approximately $1,266,000. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Trading Up 0.1%

Shares of PGX stock opened at $11.55 on Friday. The business’s 50 day moving average is $11.61 and its two-hundred day moving average is $11.27. Invesco Preferred ETF has a twelve month low of $10.70 and a twelve month high of $12.50.

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.