Sound Income Strategies LLC boosted its stake in Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 3.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 452,759 shares of the company’s stock after buying an additional 14,814 shares during the period. Sound Income Strategies LLC owned 0.12% of Invesco Preferred ETF worth $5,220,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of PGX. Wilmington Savings Fund Society FSB acquired a new stake in shares of Invesco Preferred ETF in the third quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Invesco Preferred ETF by 299.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock worth $32,000 after acquiring an additional 2,093 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Invesco Preferred ETF in the 2nd quarter valued at about $35,000. Eastern Bank bought a new position in shares of Invesco Preferred ETF during the 3rd quarter valued at about $37,000. Finally, Orrstown Financial Services Inc. bought a new position in shares of Invesco Preferred ETF during the 3rd quarter valued at about $124,000.
Invesco Preferred ETF Trading Down 0.2 %
NYSEARCA PGX opened at $11.63 on Friday. Invesco Preferred ETF has a 12 month low of $11.23 and a 12 month high of $12.54. The company’s 50 day simple moving average is $11.72 and its 200 day simple moving average is $11.94.
Invesco Preferred ETF 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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