Invesco Preferred ETF (NYSEARCA:PGX) Stock Holdings Lifted by Independent Wealth Network Inc.

Independent Wealth Network Inc. raised its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 39.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 65,931 shares of the company’s stock after buying an additional 18,673 shares during the period. Independent Wealth Network Inc.’s holdings in Invesco Preferred ETF were worth $750,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Pasadena Private Wealth LLC increased its holdings in shares of Invesco Preferred ETF by 2.9% in the second quarter. Pasadena Private Wealth LLC now owns 33,171 shares of the company’s stock valued at $377,000 after buying an additional 920 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Invesco Preferred ETF by 1.5% in the first quarter. HighTower Advisors LLC now owns 62,337 shares of the company’s stock valued at $716,000 after buying an additional 924 shares in the last quarter. Centaurus Financial Inc. increased its holdings in shares of Invesco Preferred ETF by 10.5% in the first quarter. Centaurus Financial Inc. now owns 10,187 shares of the company’s stock valued at $117,000 after buying an additional 969 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of Invesco Preferred ETF by 5.0% in the first quarter. Newbridge Financial Services Group Inc. now owns 22,452 shares of the company’s stock valued at $258,000 after buying an additional 1,075 shares in the last quarter. Finally, Brandywine Oak Private Wealth LLC increased its holdings in shares of Invesco Preferred ETF by 5.3% in the first quarter. Brandywine Oak Private Wealth LLC now owns 21,787 shares of the company’s stock valued at $250,000 after buying an additional 1,102 shares in the last quarter.

Invesco Preferred ETF Trading Up 0.1 %

NYSEARCA PGX traded up $0.01 on Tuesday, hitting $11.16. 1,505,946 shares of the stock were exchanged, compared to its average volume of 4,841,546. Invesco Preferred ETF has a 52-week low of $10.80 and a 52-week high of $12.81. The company’s 50-day moving average price is $11.20 and its two-hundred day moving average price is $11.31.

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.