Allworth Financial LP boosted its position in shares of Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,194,448 shares of the company’s stock after purchasing an additional 144,402 shares during the period. Allworth Financial LP’s holdings in Invesco Preferred ETF were worth $35,906,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in Invesco Preferred ETF by 2.1% during the 3rd quarter. Bank of America Corp DE now owns 65,973,646 shares of the company’s stock worth $765,294,000 after acquiring an additional 1,333,558 shares in the last quarter. Cary Street Partners Financial LLC grew its position in Invesco Preferred ETF by 5.6% in the 3rd quarter. Cary Street Partners Financial LLC now owns 1,092,414 shares of the company’s stock valued at $12,672,000 after acquiring an additional 58,203 shares in the last quarter. Checchi Capital Advisers LLC grew its position in Invesco Preferred ETF by 6.4% in the 3rd quarter. Checchi Capital Advisers LLC now owns 1,550,907 shares of the company’s stock valued at $17,991,000 after acquiring an additional 93,853 shares in the last quarter. Cane Capital Partners LLC purchased a new stake in Invesco Preferred ETF during the fourth quarter worth about $963,000. Finally, Trinity Legacy Partners LLC increased its stake in Invesco Preferred ETF by 3,866.1% during the fourth quarter. Trinity Legacy Partners LLC now owns 717,856 shares of the company’s stock worth $8,069,000 after purchasing an additional 699,756 shares during the period. 8.60% of the stock is currently owned by institutional investors and hedge funds.
Invesco Preferred ETF Price Performance
Shares of PGX opened at $11.12 on Thursday. The company’s 50-day simple moving average is $11.13 and its 200-day simple moving average is $11.28. Invesco Preferred ETF has a 1 year low of $10.82 and a 1 year high of $11.92.
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. 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.
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