Invesco Preferred ETF $PGX Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its position in Invesco Preferred ETF (NYSEARCA:PGX) by 71.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 304,303 shares of the company’s stock after purchasing an additional 127,044 shares during the quarter. Kestra Advisory Services LLC owned about 0.09% of Invesco Preferred ETF worth $3,311,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Triumph Capital Management purchased a new stake in Invesco Preferred ETF in the third quarter valued at $29,000. Ransom Advisory Ltd acquired a new stake in shares of Invesco Preferred ETF during the fourth quarter worth about $31,000. First United Bank & Trust lifted its holdings in Invesco Preferred ETF by 32.1% during the 1st quarter. First United Bank & Trust now owns 4,343 shares of the company’s stock worth $47,000 after buying an additional 1,055 shares in the last quarter. Bayban acquired a new stake in Invesco Preferred ETF in the fourth quarter valued at approximately $52,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Invesco Preferred ETF during the 4th quarter worth $55,000. 8.60% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Preferred ETF Stock Performance

PGX stock opened at $10.86 on Friday. Invesco Preferred ETF has a fifty-two week low of $10.76 and a fifty-two week high of $11.92. The business has a 50 day moving average price of $10.94 and a 200 day moving average price of $11.14.

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.