Pinnacle Financial Partners Inc Invests $185,000 in Invesco Preferred ETF (NYSEARCA:PGX)

Pinnacle Financial Partners Inc bought a new position in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,000 shares of the company’s stock, valued at approximately $185,000.

Other hedge funds have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new position in Invesco Preferred ETF in the second quarter valued at approximately $35,000. Eastern Bank bought a new position in Invesco Preferred ETF in the third quarter valued at approximately $37,000. Consultiva Wealth Management CORP. bought a new position in Invesco Preferred ETF in the first quarter valued at approximately $96,000. Ellis Investment Partners LLC bought a new position in Invesco Preferred ETF in the third quarter valued at approximately $124,000. Finally, Orrstown Financial Services Inc. bought a new position in Invesco Preferred ETF in the third quarter valued at approximately $124,000.

Invesco Preferred ETF Stock Up 0.0 %

NYSEARCA PGX opened at $12.02 on Friday. The firm’s fifty day moving average price is $12.29 and its two-hundred day moving average price is $11.89. Invesco Preferred ETF has a fifty-two week low of $10.84 and a fifty-two week high of $12.54.

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.