Trinity Legacy Partners LLC Makes New $4.54 Million Investment in Invesco Preferred ETF (NYSEARCA:PGX)

Trinity Legacy Partners LLC bought a new stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 393,553 shares of the company’s stock, valued at approximately $4,538,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Spectrum Asset Management Inc. raised its stake in Invesco Preferred ETF by 64.7% during the fourth quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock valued at $66,546,000 after purchasing an additional 2,266,498 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Invesco Preferred ETF by 4.3% in the 3rd quarter. Allworth Financial LP now owns 3,588,261 shares of the company’s stock worth $44,315,000 after buying an additional 148,476 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Invesco Preferred ETF by 71.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock worth $22,097,000 after buying an additional 746,783 shares during the last quarter. Advisors Management Group Inc. ADV raised its position in shares of Invesco Preferred ETF by 3.8% during the 4th quarter. Advisors Management Group Inc. ADV now owns 1,288,642 shares of the company’s stock valued at $14,858,000 after buying an additional 47,652 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Invesco Preferred ETF by 6.8% in the 3rd quarter. Stifel Financial Corp now owns 951,769 shares of the company’s stock valued at $11,754,000 after acquiring an additional 60,601 shares during the last quarter.

Invesco Preferred ETF Trading Down 0.1 %

PGX opened at $11.60 on Friday. Invesco Preferred ETF has a 12 month low of $11.23 and a 12 month high of $12.54. The stock has a 50-day moving average of $11.60 and a 200 day moving average of $11.93.

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.