Transatlantique Private Wealth LLC lifted its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 23.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 270,002 shares of the company’s stock after buying an additional 51,310 shares during the period. Invesco Preferred ETF comprises 0.9% of Transatlantique Private Wealth LLC’s investment portfolio, making the stock its 23rd biggest holding. Transatlantique Private Wealth LLC owned approximately 0.08% of Invesco Preferred ETF worth $3,035,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of PGX. Spectrum Asset Management Inc. raised its stake in shares of Invesco Preferred ETF by 47.9% during the 4th quarter. Spectrum Asset Management Inc. now owns 5,372,426 shares of the company’s stock worth $60,386,000 after buying an additional 1,739,156 shares in the last quarter. Bank of America Corp DE raised its stake in shares of 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 buying an additional 1,333,558 shares in the last quarter. UBS Group AG raised its stake in shares of Invesco Preferred ETF by 32.2% during the 4th quarter. UBS Group AG now owns 5,345,570 shares of the company’s stock worth $60,084,000 after buying an additional 1,300,981 shares in the last quarter. New England Private Wealth Advisors LLC raised its stake in shares of Invesco Preferred ETF by 2,024.5% during the 4th quarter. New England Private Wealth Advisors LLC now owns 1,227,261 shares of the company’s stock worth $13,817,000 after buying an additional 1,169,495 shares in the last quarter. Finally, Stonebridge Advisors LLC raised its stake in shares of Invesco Preferred ETF by 1,818.9% during the 4th quarter. Stonebridge Advisors LLC now owns 792,408 shares of the company’s stock worth $8,907,000 after buying an additional 751,113 shares in the last quarter. 8.60% of the stock is owned by hedge funds and other institutional investors.
Invesco Preferred ETF Price Performance
Shares of PGX stock opened at $10.94 on Thursday. The stock has a 50 day simple moving average of $11.07 and a 200-day simple moving average of $11.23. Invesco Preferred ETF has a 12-month low of $10.86 and a 12-month high of $11.92.
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. 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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