ICA Group Wealth Management LLC Purchases New Stake in Invesco Preferred ETF (NYSEARCA:PGX)

ICA Group Wealth Management LLC purchased a new stake in Invesco Preferred ETF (NYSEARCA:PGX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,023 shares of the company’s stock, valued at approximately $126,000.

A number of other institutional investors have also recently modified their holdings of PGX. Fortitude Family Office LLC purchased a new stake in shares of Invesco Preferred ETF in the fourth quarter valued at approximately $32,000. Gradient Investments LLC boosted its position in Invesco Preferred ETF by 102.9% during the fourth quarter. Gradient Investments LLC now owns 2,755 shares of the company’s stock worth $32,000 after purchasing an additional 1,397 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in Invesco Preferred ETF during the fourth quarter worth $34,000. Capital Analysts LLC boosted its position in Invesco Preferred ETF by 91.4% during the fourth quarter. Capital Analysts LLC now owns 3,465 shares of the company’s stock worth $40,000 after purchasing an additional 1,655 shares in the last quarter. Finally, Trifecta Capital Advisors LLC purchased a new stake in Invesco Preferred ETF during the fourth quarter worth $69,000.

Invesco Preferred ETF Trading Down 0.3 %

PGX opened at $11.56 on Tuesday. Invesco Preferred ETF has a one year low of $10.14 and a one year high of $12.06. The business’s fifty day moving average is $11.51 and its two-hundred day moving average is $11.63.

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.