Allworth Financial LP Boosts Stake in Invesco Preferred ETF $PGX

Allworth Financial LP lifted its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,438,874 shares of the company’s stock after buying an additional 71,096 shares during the period. Allworth Financial LP owned approximately 0.97% of Invesco Preferred ETF worth $37,277,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PGX. Ameritas Advisory Services LLC increased its position in shares of Invesco Preferred ETF by 58.5% in the 2nd quarter. Ameritas Advisory Services LLC now owns 20,432 shares of the company’s stock valued at $221,000 after acquiring an additional 7,541 shares during the period. HB Wealth Management LLC lifted its position in Invesco Preferred ETF by 23.4% during the 2nd quarter. HB Wealth Management LLC now owns 13,387 shares of the company’s stock worth $145,000 after acquiring an additional 2,536 shares during the period. Tudor Financial Inc. grew its stake in Invesco Preferred ETF by 31,013.2% during the 2nd quarter. Tudor Financial Inc. now owns 138,765 shares of the company’s stock valued at $1,504,000 after purchasing an additional 138,319 shares during the last quarter. Sapient Capital LLC purchased a new stake in Invesco Preferred ETF during the 2nd quarter valued at about $133,000. Finally, Investors Research Corp increased its holdings in shares of Invesco Preferred ETF by 5.3% in the second quarter. Investors Research Corp now owns 609,077 shares of the company’s stock valued at $6,602,000 after purchasing an additional 30,800 shares during the period. 8.60% of the stock is owned by hedge funds and other institutional investors.

Invesco Preferred ETF Stock Performance

Shares of PGX stock remained flat at $10.49 during mid-day trading on Tuesday. The stock had a trading volume of 4,007,386 shares, compared to its average volume of 3,269,690. Invesco Preferred ETF has a fifty-two week low of $10.48 and a fifty-two week high of $11.92. The business has a fifty day moving average of $10.72 and a two-hundred day moving average of $10.96.

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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.