Invesco Preferred ETF (NYSEARCA:PGX) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 71.6% during the third quarter, Holdings Channel.com reports. The fund owned 1,789,236 shares of the company’s stock after acquiring an additional 746,783 shares during the period. JPMorgan Chase & Co.’s holdings in Invesco Preferred ETF were worth $22,097,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Jane Street Group LLC raised its holdings in shares of Invesco Preferred ETF by 85.7% in the third quarter. Jane Street Group LLC now owns 75,421 shares of the company’s stock worth $931,000 after buying an additional 34,804 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Invesco Preferred ETF by 632.8% in the 3rd quarter. Principal Financial Group Inc. now owns 94,686 shares of the company’s stock valued at $1,169,000 after acquiring an additional 81,764 shares during the period. Kades & Cheifetz LLC raised its stake in Invesco Preferred ETF by 1.8% in the 3rd quarter. Kades & Cheifetz LLC now owns 265,479 shares of the company’s stock worth $3,279,000 after acquiring an additional 4,649 shares during the last quarter. Sanctuary Advisors LLC lifted its position in Invesco Preferred ETF by 59.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 547,388 shares of the company’s stock worth $6,541,000 after acquiring an additional 203,752 shares during the period. Finally, Sound Income Strategies LLC lifted its position in Invesco Preferred ETF by 3.6% during the 3rd quarter. Sound Income Strategies LLC now owns 437,945 shares of the company’s stock worth $5,409,000 after acquiring an additional 15,151 shares during the period.

Invesco Preferred ETF Stock Down 0.6 %

Invesco Preferred ETF stock opened at $11.52 on Thursday. The stock has a 50-day moving average price of $11.86 and a 200 day moving average price of $11.95. Invesco Preferred ETF has a 52 week low of $11.23 and a 52 week high of $12.54.

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.