Argus Investors Counsel Inc. boosted its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,169 shares of the company’s stock after acquiring an additional 1,080 shares during the period. Argus Investors Counsel Inc.’s holdings in Invesco Preferred ETF were worth $484,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Bernard Wealth Management Corp. acquired a new position in shares of Invesco Preferred ETF during the 4th quarter valued at about $26,000. Kentucky Trust Co purchased a new position in Invesco Preferred ETF during the fourth quarter worth about $36,000. Roxbury Financial LLC acquired a new position in Invesco Preferred ETF in the 4th quarter valued at about $42,000. Tower Research Capital LLC TRC boosted its holdings in Invesco Preferred ETF by 52.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,940 shares of the company’s stock valued at $45,000 after purchasing an additional 1,360 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL grew its stake in shares of Invesco Preferred ETF by 42.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 4,027 shares of the company’s stock valued at $46,000 after buying an additional 1,191 shares during the period.
Invesco Preferred ETF Stock Performance
NYSEARCA:PGX opened at $11.04 on Friday. Invesco Preferred ETF has a 52 week low of $10.70 and a 52 week high of $12.54. The stock’s fifty day moving average is $10.99 and its two-hundred day moving average is $11.39.
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.
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