Mountain Hill Investment Partners Corp. Takes Position in Invesco Preferred ETF (NYSEARCA:PGX)

Mountain Hill Investment Partners Corp. bought a new stake in Invesco Preferred ETF (NYSEARCA:PGX) in the fourth quarter, HoldingsChannel.com reports. The firm bought 22,905 shares of the company’s stock, valued at approximately $264,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Invesco Preferred ETF in the 3rd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Invesco Preferred ETF by 299.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock valued at $32,000 after acquiring an additional 2,093 shares in the last quarter. Kentucky Trust Co purchased a new position in Invesco Preferred ETF in the fourth quarter worth approximately $36,000. Roxbury Financial LLC acquired a new position in Invesco Preferred ETF during the 4th quarter worth approximately $42,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Invesco Preferred ETF in the 4th quarter valued at approximately $50,000.

Invesco Preferred ETF Stock Performance

Shares of PGX opened at $11.55 on Monday. The firm’s fifty day simple moving average is $11.59 and its 200-day simple moving average is $11.89. Invesco Preferred ETF has a twelve month low of $11.23 and a twelve month 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.