Shares of Invesco Preferred ETF (NYSEARCA:PGX – Get Free Report) reached a new 52-week low on Monday . The stock traded as low as $10.53 and last traded at $10.54, with a volume of 1961284 shares traded. The stock had previously closed at $10.60.
Invesco Preferred ETF Stock Performance
The firm has a 50 day moving average price of $10.76 and a 200-day moving average price of $11.00.
Hedge Funds Weigh In On Invesco Preferred ETF
Several hedge funds have recently added to or reduced their stakes in the stock. New England Private Wealth Advisors LLC increased its stake in Invesco Preferred ETF by 2,024.5% in the 4th quarter. New England Private Wealth Advisors LLC now owns 1,227,261 shares of the company’s stock valued at $13,817,000 after buying an additional 1,169,495 shares during the last quarter. Transatlantique Private Wealth LLC boosted its stake in shares of Invesco Preferred ETF by 23.5% during the 4th quarter. Transatlantique Private Wealth LLC now owns 270,002 shares of the company’s stock worth $3,035,000 after buying an additional 51,310 shares during the last quarter. Compass Financial Group Inc. Ohio acquired a new position in shares of Invesco Preferred ETF during the 4th quarter worth about $3,766,000. Spectrum Asset Management Inc. grew its holdings in shares of Invesco Preferred ETF by 47.9% in the 4th quarter. Spectrum Asset Management Inc. now owns 5,372,426 shares of the company’s stock valued at $60,386,000 after acquiring an additional 1,739,156 shares in the last quarter. Finally, Cohen & Steers Inc. grew its holdings in shares of Invesco Preferred ETF by 1,881.8% in the 4th quarter. Cohen & Steers Inc. now owns 2,157,935 shares of the company’s stock valued at $24,255,000 after acquiring an additional 2,049,049 shares in the last quarter. Institutional investors and hedge funds own 8.60% of the company’s stock.
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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