International Assets Investment Management LLC Buys Shares of 31,319 Invesco Preferred ETF (NYSEARCA:PGX)

International Assets Investment Management LLC bought a new stake in Invesco Preferred ETF (NYSEARCA:PGX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 31,319 shares of the company’s stock, valued at approximately $366,000.

A number of other institutional investors have also modified their holdings of PGX. Allworth Financial LP increased its holdings in Invesco Preferred ETF by 4.3% during the 3rd quarter. Allworth Financial LP now owns 3,588,261 shares of the company’s stock worth $44,315,000 after purchasing an additional 148,476 shares during the period. JPMorgan Chase & Co. raised its stake in Invesco Preferred ETF by 71.6% in the third quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock valued at $22,097,000 after buying an additional 746,783 shares in the last quarter. ACT Advisors LLC. acquired a new position in shares of Invesco Preferred ETF during the 3rd quarter worth about $17,368,000. Advisors Management Group Inc. ADV raised its position in shares of Invesco Preferred ETF by 2.8% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 1,240,990 shares of the company’s stock worth $15,326,000 after acquiring an additional 33,404 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in Invesco Preferred ETF by 2.5% in the second quarter. Marshall Wace LLP now owns 960,800 shares of the company’s stock valued at $11,097,000 after purchasing an additional 23,600 shares in the last quarter.

Invesco Preferred ETF Stock Performance

Shares of Invesco Preferred ETF stock opened at $11.34 on Friday. The company has a fifty day simple moving average of $11.82 and a 200-day simple moving average of $11.95. Invesco Preferred ETF has a 12-month low of $11.23 and a 12-month high of $12.54.

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.