Avantax Planning Partners Inc. raised its holdings in Invesco Preferred ETF (NYSEARCA:PGX – Get Rating) by 352.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 530,110 shares of the company’s stock after buying an additional 412,841 shares during the period. Avantax Planning Partners Inc. owned about 0.12% of Invesco Preferred ETF worth $7,194,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of PGX. Allspring Global Investments Holdings LLC acquired a new position in shares of Invesco Preferred ETF in the fourth quarter valued at approximately $304,000. D.A. Davidson & CO. grew its position in shares of Invesco Preferred ETF by 7.6% in the fourth quarter. D.A. Davidson & CO. now owns 60,130 shares of the company’s stock valued at $902,000 after purchasing an additional 4,224 shares during the last quarter. CWM LLC acquired a new position in shares of Invesco Preferred ETF in the fourth quarter valued at approximately $203,000. Fifth Third Bancorp grew its position in shares of Invesco Preferred ETF by 5.5% in the fourth quarter. Fifth Third Bancorp now owns 70,859 shares of the company’s stock valued at $1,063,000 after purchasing an additional 3,683 shares during the last quarter. Finally, Castle Rock Wealth Management LLC acquired a new position in shares of Invesco Preferred ETF in the fourth quarter valued at approximately $331,000.
Invesco Preferred ETF Price Performance
Shares of Invesco Preferred ETF stock traded down $0.16 on Friday, hitting $13.25. The stock had a trading volume of 6,325,823 shares, compared to its average volume of 4,932,315. Invesco Preferred ETF has a twelve month low of $11.93 and a twelve month high of $15.29. The business’s 50 day moving average is $12.63 and its two-hundred day moving average is $13.04.
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.
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