Avantax Advisory Services Inc. increased its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 101,459 shares of the company’s stock after buying an additional 2,717 shares during the period. Avantax Advisory Services Inc.’s holdings in Invesco Preferred ETF were worth $1,111,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Ambassador Advisors LLC boosted its holdings in Invesco Preferred ETF by 168.3% in the 1st quarter. Ambassador Advisors LLC now owns 2,688 shares of the company’s stock valued at $30,000 after purchasing an additional 1,686 shares during the period. Farther Finance Advisors LLC boosted its holdings in Invesco Preferred ETF by 148.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,800 shares of the company’s stock valued at $32,000 after purchasing an additional 1,675 shares during the period. Franklin Resources Inc. bought a new stake in Invesco Preferred ETF in the 2nd quarter valued at about $34,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Invesco Preferred ETF in the 3rd quarter valued at about $37,000. Finally, Headlands Technologies LLC bought a new stake in Invesco Preferred ETF in the 2nd quarter valued at about $38,000.
Invesco Preferred ETF Price Performance
NYSEARCA PGX opened at $11.79 on Friday. Invesco Preferred ETF has a 12-month low of $10.14 and a 12-month high of $12.59. The firm has a 50-day moving average price of $11.54 and a two-hundred day moving average price of $11.14.
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.
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