SG Americas Securities LLC bought a new position in Invesco Preferred ETF (NYSEARCA:PGX – Free Report) in the second quarter, HoldingsChannel.com reports. The fund bought 182,300 shares of the company’s stock, valued at approximately $2,029,000.
A number of other hedge funds have also added to or reduced their stakes in PGX. Brighton Jones LLC bought a new stake in shares of Invesco Preferred ETF in the fourth quarter worth $626,000. Csenge Advisory Group boosted its position in Invesco Preferred ETF by 8.6% in the first quarter. Csenge Advisory Group now owns 29,006 shares of the company’s stock worth $317,000 after purchasing an additional 2,293 shares during the last quarter. Noesis Capital Mangement Corp grew its stake in shares of Invesco Preferred ETF by 0.9% during the 1st quarter. Noesis Capital Mangement Corp now owns 438,796 shares of the company’s stock valued at $4,923,000 after purchasing an additional 3,965 shares during the period. Pinnacle Associates Ltd. increased its position in shares of Invesco Preferred ETF by 18.1% during the 1st quarter. Pinnacle Associates Ltd. now owns 24,018 shares of the company’s stock valued at $269,000 after purchasing an additional 3,674 shares during the last quarter. Finally, Glaxis Capital Management LLC lifted its stake in shares of Invesco Preferred ETF by 31.3% in the 1st quarter. Glaxis Capital Management LLC now owns 105,000 shares of the company’s stock worth $1,178,000 after purchasing an additional 25,000 shares during the period. 8.60% of the stock is currently owned by hedge funds and other institutional investors.
Invesco Preferred ETF Price Performance
PGX opened at $11.26 on Thursday. The company’s 50 day moving average is $11.59 and its 200 day moving average is $11.35. Invesco Preferred ETF has a 12-month low of $10.70 and a 12-month high of $12.07.
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.
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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).
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