White Pine Capital LLC Purchases 43,352 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

White Pine Capital LLC raised its position in Invesco Preferred ETF (NYSEARCA:PGX) by 47.2% during the fourth quarter, Holdings Channel reports. The fund owned 135,289 shares of the company’s stock after acquiring an additional 43,352 shares during the period. White Pine Capital LLC’s holdings in Invesco Preferred ETF were worth $1,552,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC bought a new position in Invesco Preferred ETF in the fourth quarter valued at about $32,000. Gradient Investments LLC lifted its holdings in Invesco Preferred ETF by 102.9% in the fourth quarter. Gradient Investments LLC now owns 2,755 shares of the company’s stock valued at $32,000 after acquiring an additional 1,397 shares during the period. Wetzel Investment Advisors Inc. bought a new position in Invesco Preferred ETF in the fourth quarter valued at about $34,000. Capital Analysts LLC lifted its holdings in Invesco Preferred ETF by 91.4% in the fourth quarter. Capital Analysts LLC now owns 3,465 shares of the company’s stock valued at $40,000 after acquiring an additional 1,655 shares during the period. Finally, Trifecta Capital Advisors LLC bought a new position in Invesco Preferred ETF in the fourth quarter valued at about $69,000.

Invesco Preferred ETF Stock Performance

PGX stock remained flat at $11.40 during trading on Friday. The company’s stock had a trading volume of 4,299,175 shares, compared to its average volume of 3,812,070. Invesco Preferred ETF has a 52 week low of $10.14 and a 52 week high of $12.06. The firm’s 50 day moving average is $11.77 and its 200 day moving average is $11.41.

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.