Harfst & Associates Inc. Invests $3.55 Million in Invesco Preferred ETF $PGX

Harfst & Associates Inc. purchased a new stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 306,267 shares of the company’s stock, valued at approximately $3,553,000. Invesco Preferred ETF makes up about 0.7% of Harfst & Associates Inc.’s investment portfolio, making the stock its 19th biggest position. Harfst & Associates Inc. owned about 0.09% of Invesco Preferred ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC bought a new position in Invesco Preferred ETF during the fourth quarter valued at about $626,000. NewEdge Advisors LLC increased its holdings in shares of Invesco Preferred ETF by 2.9% during the 1st quarter. NewEdge Advisors LLC now owns 146,932 shares of the company’s stock valued at $1,649,000 after acquiring an additional 4,086 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Invesco Preferred ETF by 57.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,874,427 shares of the company’s stock valued at $21,031,000 after acquiring an additional 683,754 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Invesco Preferred ETF by 181.6% in the 1st quarter. Jane Street Group LLC now owns 420,120 shares of the company’s stock valued at $4,714,000 after acquiring an additional 270,939 shares in the last quarter. Finally, Fortis Capital Advisors LLC bought a new position in shares of Invesco Preferred ETF in the 1st quarter valued at approximately $284,000. Institutional investors and hedge funds own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Up 0.2%

Shares of Invesco Preferred ETF stock opened at $11.33 on Thursday. Invesco Preferred ETF has a 12-month low of $10.70 and a 12-month high of $11.92. The stock has a 50 day moving average price of $11.31 and a two-hundred day moving average price of $11.41.

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. 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.