Invesco Preferred ETF (NYSEARCA:PGX) Shares Bought by Investors Research Corp

Investors Research Corp grew its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 8.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 395,862 shares of the company’s stock after purchasing an additional 32,282 shares during the period. Invesco Preferred ETF comprises 1.0% of Investors Research Corp’s investment portfolio, making the stock its 19th biggest position. Investors Research Corp’s holdings in Invesco Preferred ETF were worth $4,564,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Spectrum Asset Management Inc. lifted its holdings in shares of Invesco Preferred ETF by 64.7% in the 4th quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock valued at $66,546,000 after buying an additional 2,266,498 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Invesco Preferred ETF in the 4th quarter valued at about $29,537,000. JPMorgan Chase & Co. lifted 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 valued at $22,097,000 after buying an additional 746,783 shares during the period. Advisors Management Group Inc. ADV lifted its holdings in shares of Invesco Preferred ETF by 3.8% in 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 during the period. 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 buying an additional 60,601 shares during the period.

Invesco Preferred ETF Price Performance

Shares of PGX stock opened at $11.52 on Monday. The business has a 50-day simple moving average of $11.60 and a 200-day simple moving average of $11.92. Invesco Preferred ETF has a 52-week low of $11.23 and a 52-week high of $12.54.

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.