GAMMA Investing LLC Has $319,000 Stake in Invesco Preferred ETF (NYSEARCA:PGX)

GAMMA Investing LLC increased its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 23.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,677 shares of the company’s stock after purchasing an additional 5,238 shares during the period. GAMMA Investing LLC’s holdings in Invesco Preferred ETF were worth $319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in PGX. Wilmington Savings Fund Society FSB bought a new position in Invesco Preferred ETF during the 3rd quarter worth $31,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Invesco Preferred ETF in the second quarter valued at about $35,000. Eastern Bank bought a new position in Invesco Preferred ETF during the third quarter worth about $37,000. Ellis Investment Partners LLC acquired a new stake in Invesco Preferred ETF in the 3rd quarter worth about $124,000. Finally, Orrstown Financial Services Inc. acquired a new stake in Invesco Preferred ETF in the 3rd quarter worth about $124,000.

Invesco Preferred ETF Stock Performance

Shares of NYSEARCA:PGX opened at $11.75 on Tuesday. Invesco Preferred ETF has a 12-month low of $11.23 and a 12-month high of $12.54. The company’s 50 day moving average price is $11.87 and its two-hundred day moving average price 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.