Tudor Financial Inc. grew its position in Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 31,013.2% during the 2nd quarter, Holdings Channel reports. The fund owned 138,765 shares of the company’s stock after buying an additional 138,319 shares during the quarter. Tudor Financial Inc.’s holdings in Invesco Preferred ETF were worth $1,504,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in PGX. Triumph Capital Management purchased a new position in Invesco Preferred ETF during the third quarter worth about $29,000. First United Bank & Trust boosted its holdings in Invesco Preferred ETF by 32.1% in the 1st quarter. First United Bank & Trust now owns 4,343 shares of the company’s stock valued at $47,000 after purchasing an additional 1,055 shares in the last quarter. Bayban acquired a new position in Invesco Preferred ETF during the 4th quarter worth approximately $52,000. Global Assets Advisory LLC acquired a new position in Invesco Preferred ETF during the 1st quarter worth approximately $52,000. Finally, International Assets Investment Management LLC acquired a new position in Invesco Preferred ETF during the 4th quarter worth approximately $55,000. 8.60% of the stock is currently owned by institutional investors and hedge funds.
Invesco Preferred ETF Price Performance
Shares of PGX stock opened at $10.52 on Friday. The stock has a 50 day simple moving average of $10.73 and a 200-day simple moving average of $10.98. Invesco Preferred ETF has a 12-month low of $10.50 and a 12-month 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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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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