Independent Advisor Alliance purchased a new stake in shares of Invesco Preferred ETF (NYSEARCA:PGX – Free Report) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 72,744 shares of the company’s stock, valued at approximately $839,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC increased its stake in Invesco Preferred ETF by 8.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 33,422 shares of the company’s stock valued at $385,000 after acquiring an additional 2,576 shares during the period. Jane Street Group LLC grew its stake in shares of Invesco Preferred ETF by 85.7% in the 3rd quarter. Jane Street Group LLC now owns 75,421 shares of the company’s stock valued at $931,000 after purchasing an additional 34,804 shares during the period. Park Avenue Securities LLC grew its stake in shares of Invesco Preferred ETF by 6.2% in the 4th quarter. Park Avenue Securities LLC now owns 38,714 shares of the company’s stock valued at $446,000 after purchasing an additional 2,272 shares during the period. JPMorgan Chase & Co. grew its stake 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 valued at $22,097,000 after purchasing an additional 746,783 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Invesco Preferred ETF by 632.8% in the 3rd quarter. Principal Financial Group Inc. now owns 94,686 shares of the company’s stock valued at $1,169,000 after purchasing an additional 81,764 shares during the period.
Invesco Preferred ETF Trading Up 0.6 %
PGX stock opened at $11.55 on Friday. Invesco Preferred ETF has a 1-year low of $11.23 and a 1-year high of $12.54. The business’s 50 day moving average is $11.59 and its 200-day moving average is $11.90.
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.
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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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