Invesco Preferred ETF (NYSEARCA:PGX – Get Free Report)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $10.49 and last traded at $10.4950, with a volume of 3708728 shares. The stock had previously closed at $10.49.
Invesco Preferred ETF Stock Performance
The company has a fifty day simple moving average of $10.72 and a two-hundred day simple moving average of $10.96.
Institutional Trading of Invesco Preferred ETF
Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE boosted its position in Invesco Preferred ETF by 3.4% during the first quarter. Bank of America Corp DE now owns 81,133,531 shares of the company’s stock valued at $882,733,000 after purchasing an additional 2,684,132 shares during the last quarter. Cohen & Steers Inc. raised its stake in shares of Invesco Preferred ETF by 1,881.8% during the 4th quarter. Cohen & Steers Inc. now owns 2,157,935 shares of the company’s stock worth $24,255,000 after purchasing an additional 2,049,049 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Invesco Preferred ETF in the 4th quarter valued at approximately $22,103,000. New England Private Wealth Advisors LLC boosted its holdings in shares of Invesco Preferred ETF by 2,024.5% in the 4th quarter. New England Private Wealth Advisors LLC now owns 1,227,261 shares of the company’s stock valued at $13,817,000 after buying an additional 1,169,495 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Invesco Preferred ETF by 19.6% in the fourth quarter. JPMorgan Chase & Co. now owns 5,308,493 shares of the company’s stock valued at $59,667,000 after buying an additional 871,430 shares in the last quarter. 8.60% of the stock is currently owned by institutional investors and hedge funds.
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. 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.
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