Invesco Preferred ETF (NYSEARCA:PGX – Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $10.68 and last traded at $10.68, with a volume of 2162785 shares changing hands. The stock had previously closed at $10.74.
Invesco Preferred ETF Stock Down 0.5%
The company’s 50 day simple moving average is $10.86 and its 200 day simple moving average is $11.09.
Institutional Investors Weigh In On Invesco Preferred ETF
Several hedge funds have recently modified their holdings of PGX. Investors Research Corp raised its position in shares of Invesco Preferred ETF by 5.3% in the 2nd quarter. Investors Research Corp now owns 609,077 shares of the company’s stock worth $6,602,000 after buying an additional 30,800 shares during the period. Wealthcare Advisory Partners LLC boosted its position in shares of Invesco Preferred ETF by 15.6% in the second quarter. Wealthcare Advisory Partners LLC now owns 47,432 shares of the company’s stock worth $514,000 after buying an additional 6,385 shares during the period. Sapient Capital LLC acquired a new stake in Invesco Preferred ETF in the second quarter valued at approximately $133,000. Aletheian Wealth Advisors LLC raised its stake in shares of Invesco Preferred ETF by 16.0% during the second quarter. Aletheian Wealth Advisors LLC now owns 62,759 shares of the company’s stock valued at $680,000 after purchasing an additional 8,642 shares during the period. Finally, Brighton Securities CORP. raised its stake in shares of Invesco Preferred ETF by 5.0% during the second quarter. Brighton Securities CORP. now owns 176,237 shares of the company’s stock valued at $1,910,000 after purchasing an additional 8,374 shares during the period. 8.60% of the stock is owned by institutional investors and hedge funds.
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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