Wealthspire Advisors LLC Increases Position in Invesco Preferred ETF (NYSEARCA:PGX)

Wealthspire Advisors LLC increased its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 1.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 190,476 shares of the company’s stock after acquiring an additional 2,908 shares during the period. Wealthspire Advisors LLC’s holdings in Invesco Preferred ETF were worth $2,185,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in PGX. Financial Advocates Investment Management increased its stake in Invesco Preferred ETF by 42.6% in the 3rd quarter. Financial Advocates Investment Management now owns 27,435 shares of the company’s stock valued at $300,000 after purchasing an additional 8,202 shares in the last quarter. Kades & Cheifetz LLC raised its stake in shares of Invesco Preferred ETF by 56.6% during the 3rd quarter. Kades & Cheifetz LLC now owns 176,924 shares of the company’s stock worth $1,937,000 after buying an additional 63,924 shares during the last quarter. Boothe Investment Group Inc. boosted its position in shares of Invesco Preferred ETF by 17.1% in the 3rd quarter. Boothe Investment Group Inc. now owns 152,462 shares of the company’s stock worth $1,669,000 after buying an additional 22,250 shares in the last quarter. Golden Green Inc. grew its stake in Invesco Preferred ETF by 2.7% in the 3rd quarter. Golden Green Inc. now owns 306,874 shares of the company’s stock valued at $3,360,000 after acquiring an additional 8,043 shares during the last quarter. Finally, Autumn Glory Partners LLC acquired a new position in Invesco Preferred ETF during the third quarter worth about $265,000.

Invesco Preferred ETF Stock Up 0.2 %

Shares of PGX stock traded up $0.02 during trading hours on Thursday, hitting $11.51. The company’s stock had a trading volume of 3,340,870 shares, compared to its average volume of 3,823,312. The business has a fifty day moving average of $11.72 and a 200-day moving average of $11.48. Invesco Preferred ETF has a twelve month low of $10.14 and a twelve month high of $12.06.

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.