Granite Bay Wealth Management LLC purchased a new position in shares of Invesco Preferred ETF (NYSEARCA:PGX – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 152,728 shares of the company’s stock, valued at approximately $1,766,000.
A number of other institutional investors and hedge funds have also made changes to their positions in PGX. Stifel Financial Corp raised its position in shares of Invesco Preferred ETF by 7.1% during the 4th quarter. Stifel Financial Corp now owns 440,480 shares of the company’s stock worth $5,052,000 after purchasing an additional 29,322 shares during the period. Belpointe Asset Management LLC acquired a new stake in Invesco Preferred ETF in the 4th quarter valued at approximately $271,000. Holderness Investments Co. acquired a new stake in Invesco Preferred ETF in the 4th quarter valued at approximately $115,000. Oppenheimer & Co. Inc. increased its position in Invesco Preferred ETF by 14.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 181,264 shares of the company’s stock valued at $2,079,000 after acquiring an additional 22,773 shares during the period. Finally, Basso Capital Management L.P. acquired a new stake in Invesco Preferred ETF in the 4th quarter valued at approximately $118,000.
Invesco Preferred ETF Stock Performance
PGX opened at $12.35 on Tuesday. Invesco Preferred ETF has a 12 month low of $10.14 and a 12 month high of $12.54. The stock’s 50 day moving average price is $11.99 and its 200 day moving average price is $11.76.
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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