Pinnacle Wealth Management Advisory Group LLC bought a new stake in Invesco Preferred ETF (NYSEARCA:PGX – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 15,528 shares of the company’s stock, valued at approximately $178,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cherry Tree Wealth Management LLC boosted its holdings in shares of Invesco Preferred ETF by 9.1% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 498,509 shares of the company’s stock worth $5,718,000 after buying an additional 41,490 shares during the period. Balanced Wealth Group LLC acquired a new position in shares of Invesco Preferred ETF in the fourth quarter valued at approximately $906,000. Wealthcare Advisory Partners LLC acquired a new stake in Invesco Preferred ETF during the 4th quarter worth approximately $390,000. MeadowBrook Investment Advisors LLC acquired a new position in Invesco Preferred ETF in the 4th quarter valued at $501,000. Finally, Noesis Capital Mangement Corp increased its position in Invesco Preferred ETF by 519.3% during the 4th quarter. Noesis Capital Mangement Corp now owns 433,070 shares of the company’s stock worth $4,967,000 after buying an additional 363,141 shares during the period.
Invesco Preferred ETF Price Performance
PGX opened at $11.51 on Friday. The stock has a fifty day moving average of $11.71 and a 200-day moving average of $11.48. Invesco Preferred ETF has a fifty-two week low of $10.14 and a fifty-two week high of $12.06.
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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