IFP Advisors Inc increased its position in Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 2.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 231,643 shares of the company’s stock after acquiring an additional 6,543 shares during the period. IFP Advisors Inc’s holdings in Invesco Preferred ETF were worth $2,671,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PGX. Wilmington Savings Fund Society FSB acquired a new position in shares of Invesco Preferred ETF during the 3rd quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Invesco Preferred ETF by 299.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock worth $32,000 after buying an additional 2,093 shares during the period. Kentucky Trust Co acquired a new position in shares of Invesco Preferred ETF during the 4th quarter worth about $36,000. Roxbury Financial LLC acquired a new position in shares of Invesco Preferred ETF during the 4th quarter worth about $42,000. Finally, Orrstown Financial Services Inc. acquired a new position in shares of Invesco Preferred ETF during the 3rd quarter worth about $124,000.
Invesco Preferred ETF Stock Performance
Invesco Preferred ETF stock opened at $11.68 on Wednesday. Invesco Preferred ETF has a 1 year low of $11.23 and a 1 year high of $12.54. The business has a 50-day moving average of $11.59 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.
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