Principal Financial Group Inc. Grows Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Principal Financial Group Inc. lifted its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 632.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 94,686 shares of the company’s stock after purchasing an additional 81,764 shares during the period. Principal Financial Group Inc.’s holdings in Invesco Preferred ETF were worth $1,169,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of PGX. ACT Advisors LLC. acquired a new stake in shares of Invesco Preferred ETF in the third quarter valued at about $17,368,000. LPL Financial LLC increased its stake in Invesco Preferred ETF by 9.7% during the 2nd quarter. LPL Financial LLC now owns 13,579,206 shares of the company’s stock worth $156,840,000 after buying an additional 1,197,584 shares in the last quarter. Barclays PLC increased its stake in Invesco Preferred ETF by 18,430.0% during the 3rd quarter. Barclays PLC now owns 555,900 shares of the company’s stock worth $6,865,000 after buying an additional 552,900 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Invesco Preferred ETF in the 2nd quarter valued at $3,917,000. Finally, One Capital Management LLC raised its stake in Invesco Preferred ETF by 1,520.1% in the 2nd quarter. One Capital Management LLC now owns 353,016 shares of the company’s stock valued at $4,077,000 after purchasing an additional 331,226 shares during the last quarter.

Invesco Preferred ETF Stock Up 0.9 %

Invesco Preferred ETF stock opened at $11.80 on Friday. Invesco Preferred ETF has a 52-week low of $11.23 and a 52-week high of $12.54. The company has a fifty day simple moving average of $11.87 and a 200-day simple moving average of $11.95.

About Invesco Preferred ETF

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.