HighTower Advisors LLC Raises Position in Invesco Preferred ETF (NYSEARCA:PGX)

HighTower Advisors LLC increased its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 268.5% during the third quarter, Holdings Channel.com reports. The firm owned 103,643 shares of the company’s stock after acquiring an additional 75,520 shares during the quarter. HighTower Advisors LLC’s holdings in Invesco Preferred ETF were worth $1,278,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. bought a new stake in shares of Invesco Preferred ETF during the 3rd quarter valued at about $127,000. Captrust Financial Advisors boosted its stake in shares of Invesco Preferred ETF by 1.1% during the 3rd quarter. Captrust Financial Advisors now owns 87,953 shares of the company’s stock valued at $1,086,000 after purchasing an additional 991 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Invesco Preferred ETF by 4.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 502,173 shares of the company’s stock valued at $6,202,000 after purchasing an additional 19,592 shares in the last quarter. Townsquare Capital LLC bought a new stake in shares of Invesco Preferred ETF during the 3rd quarter valued at about $275,000. Finally, Flagstar Advisors Inc. bought a new stake in shares of Invesco Preferred ETF during the 3rd quarter valued at about $625,000.

Invesco Preferred ETF Price Performance

Shares of PGX opened at $11.74 on Tuesday. The firm’s 50-day moving average price is $12.10 and its 200-day moving average price is $11.95. Invesco Preferred ETF has a 1-year low of $11.23 and a 1-year 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.