HighTower Advisors LLC lifted its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 268.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,643 shares of the company’s stock after purchasing an additional 75,520 shares during the quarter. HighTower Advisors LLC’s holdings in Invesco Preferred ETF were worth $1,278,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new stake in Invesco Preferred ETF in the 2nd quarter valued at about $35,000. Eastern Bank purchased a new stake in Invesco Preferred ETF in the 3rd quarter valued at about $37,000. Ellis Investment Partners LLC purchased a new stake in Invesco Preferred ETF in the 3rd quarter valued at about $124,000. Orrstown Financial Services Inc. purchased a new stake in Invesco Preferred ETF in the 3rd quarter valued at about $124,000. Finally, Duncker Streett & Co. Inc. increased its stake in Invesco Preferred ETF by 22.2% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 11,000 shares of the company’s stock valued at $127,000 after buying an additional 2,000 shares during the last quarter.
Invesco Preferred ETF Price Performance
Invesco Preferred ETF stock opened at $11.74 on Tuesday. Invesco Preferred ETF has a twelve month low of $11.23 and a twelve month high of $12.54. The firm has a 50 day moving average price of $12.10 and a 200-day moving average price of $11.95.
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.
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