Raymond James Financial Inc. Makes New Investment in Invesco Preferred ETF (NYSEARCA:PGX)

Raymond James Financial Inc. purchased a new position in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,561,750 shares of the company’s stock, valued at approximately $29,537,000.

A number of other institutional investors have also recently bought and sold shares of PGX. Spectrum Asset Management Inc. lifted its holdings in shares of 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 acquiring an additional 2,266,498 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Invesco Preferred ETF by 71.6% during the third quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock valued at $22,097,000 after acquiring 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% during the fourth quarter. Advisors Management Group Inc. ADV now owns 1,288,642 shares of the company’s stock valued at $14,858,000 after acquiring an additional 47,652 shares during the period. Stifel Financial Corp lifted its holdings in shares of Invesco Preferred ETF by 6.8% during the third 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 period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Invesco Preferred ETF by 657.9% during the fourth quarter. Principal Financial Group Inc. now owns 717,581 shares of the company’s stock valued at $8,274,000 after acquiring an additional 622,895 shares during the period.

Invesco Preferred ETF Price Performance

Shares of NYSEARCA PGX opened at $11.55 on Friday. The business has a fifty day moving average of $11.59 and a two-hundred day moving average of $11.91. Invesco Preferred ETF has a 52-week low of $11.23 and a 52-week high of $12.54.

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.