Wealthcare Advisory Partners LLC Makes New $390,000 Investment in Invesco Preferred ETF (NYSEARCA:PGX)

Wealthcare Advisory Partners LLC acquired a new position in Invesco Preferred ETF (NYSEARCA:PGX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 33,983 shares of the company’s stock, valued at approximately $390,000.

Other hedge funds also recently bought and sold shares of the company. LPL Financial LLC grew its position in Invesco Preferred ETF by 12.2% during the 3rd quarter. LPL Financial LLC now owns 14,641,628 shares of the company’s stock worth $160,326,000 after purchasing an additional 1,587,869 shares during the last quarter. Community Financial Services Group LLC acquired a new position in shares of Invesco Preferred ETF in the third quarter valued at about $9,441,000. Spectrum Asset Management Inc. raised its stake in shares of Invesco Preferred ETF by 30.2% in the fourth quarter. Spectrum Asset Management Inc. now owns 3,694,150 shares of the company’s stock worth $42,376,000 after purchasing an additional 857,423 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Invesco Preferred ETF in the fourth quarter valued at approximately $5,110,000. Finally, Noesis Capital Mangement Corp increased its stake in shares of Invesco Preferred ETF by 519.3% in the 4th quarter. Noesis Capital Mangement Corp now owns 433,070 shares of the company’s stock valued at $4,967,000 after purchasing an additional 363,141 shares in the last quarter.

Invesco Preferred ETF Price Performance

Invesco Preferred ETF stock opened at $11.51 on Friday. The company’s fifty day moving average price is $11.71 and its 200 day moving average price is $11.48. Invesco Preferred ETF has a 1 year low of $10.14 and a 1 year high of $12.06.

About Invesco Preferred ETF

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.