Invesco Preferred ETF (NYSEARCA:PGX) Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC increased its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 30.5% during the 4th quarter, HoldingsChannel reports. The fund owned 512,213 shares of the company’s stock after acquiring an additional 119,702 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Invesco Preferred ETF were worth $5,906,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PGX. Wealthcare Advisory Partners LLC raised its stake in Invesco Preferred ETF by 8.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 33,422 shares of the company’s stock worth $385,000 after purchasing an additional 2,576 shares during the period. Jane Street Group LLC raised its position in shares of Invesco Preferred ETF by 85.7% during the 3rd quarter. Jane Street Group LLC now owns 75,421 shares of the company’s stock valued at $931,000 after buying an additional 34,804 shares during the period. Park Avenue Securities LLC lifted its holdings in Invesco Preferred ETF by 6.2% in the fourth quarter. Park Avenue Securities LLC now owns 38,714 shares of the company’s stock valued at $446,000 after acquiring an additional 2,272 shares during the last quarter. JPMorgan Chase & Co. grew its position in Invesco Preferred ETF by 71.6% in the third quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock worth $22,097,000 after acquiring an additional 746,783 shares during the period. Finally, Principal Financial Group Inc. grew its position in Invesco Preferred ETF by 632.8% in the third quarter. Principal Financial Group Inc. now owns 94,686 shares of the company’s stock worth $1,169,000 after acquiring an additional 81,764 shares during the period.

Invesco Preferred ETF Stock Performance

NYSEARCA:PGX opened at $11.61 on Thursday. Invesco Preferred ETF has a 52 week low of $11.23 and a 52 week high of $12.54. The stock’s fifty day moving average is $11.60 and its two-hundred day moving average is $11.93.

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.