Advisors Management Group Inc. ADV grew its position in Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 3.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,288,642 shares of the company’s stock after buying an additional 47,652 shares during the period. Invesco Preferred ETF makes up 3.5% of Advisors Management Group Inc. ADV’s investment portfolio, making the stock its 3rd largest holding. Advisors Management Group Inc. ADV’s holdings in Invesco Preferred ETF were worth $14,858,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Invesco Preferred ETF during the 3rd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Invesco Preferred ETF by 299.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock valued at $32,000 after purchasing an additional 2,093 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Invesco Preferred ETF during the second quarter valued at approximately $35,000. Eastern Bank bought a new stake in shares of Invesco Preferred ETF in the 3rd quarter valued at approximately $37,000. Finally, Ellis Investment Partners LLC acquired a new position in shares of Invesco Preferred ETF in the 3rd quarter worth approximately $124,000.
Invesco Preferred ETF Stock Up 2.3 %
Shares of PGX stock opened at $11.62 on Thursday. The stock’s fifty day simple moving average is $11.77 and its 200 day simple moving average is $11.94. Invesco Preferred ETF has a one year low of $11.23 and a one year 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.
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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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