Wealth Enhancement Advisory Services LLC Has $2.56 Million Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Wealth Enhancement Advisory Services LLC lifted its position in Invesco Preferred ETF (NYSEARCA:PGX) by 41.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 207,083 shares of the company’s stock after buying an additional 60,250 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Invesco Preferred ETF were worth $2,557,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Allworth Financial LP lifted its position in Invesco Preferred ETF by 4.3% in the 3rd quarter. Allworth Financial LP now owns 3,588,261 shares of the company’s stock valued at $44,315,000 after acquiring an additional 148,476 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Invesco Preferred ETF by 71.6% in the third 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 in the last quarter. ACT Advisors LLC. acquired a new position in shares of Invesco Preferred ETF during the third quarter worth about $17,368,000. Advisors Management Group Inc. ADV grew its holdings in shares of Invesco Preferred ETF by 2.8% during the third quarter. Advisors Management Group Inc. ADV now owns 1,240,990 shares of the company’s stock worth $15,326,000 after buying an additional 33,404 shares in the last quarter. Finally, Marshall Wace LLP raised its position in Invesco Preferred ETF by 2.5% in the 2nd quarter. Marshall Wace LLP now owns 960,800 shares of the company’s stock valued at $11,097,000 after buying an additional 23,600 shares during the last quarter.

Invesco Preferred ETF Price Performance

Shares of PGX stock opened at $11.36 on Wednesday. Invesco Preferred ETF has a 12 month low of $11.23 and a 12 month high of $12.54. The company’s fifty day simple moving average is $11.78 and its 200-day simple moving average is $11.95.

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.