Mercer Global Advisors Inc. ADV Acquires 224,766 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Mercer Global Advisors Inc. ADV lifted its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 143.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 381,138 shares of the company’s stock after purchasing an additional 224,766 shares during the period. Mercer Global Advisors Inc. ADV owned 0.10% of Invesco Preferred ETF worth $4,395,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PGX. Jane Street Group LLC lifted its position in Invesco Preferred ETF by 97.8% during the 4th quarter. Jane Street Group LLC now owns 149,181 shares of the company’s stock worth $1,720,000 after buying an additional 73,760 shares in the last quarter. Comerica Bank boosted its stake in shares of Invesco Preferred ETF by 50.3% in the 4th quarter. Comerica Bank now owns 240,307 shares of the company’s stock valued at $2,771,000 after purchasing an additional 80,444 shares during the last quarter. Lido Advisors LLC grew its holdings in Invesco Preferred ETF by 2.9% during the 4th quarter. Lido Advisors LLC now owns 53,348 shares of the company’s stock worth $615,000 after acquiring an additional 1,490 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of Invesco Preferred ETF during the fourth quarter worth $1,099,000. Finally, Prosperity Consulting Group LLC increased its stake in shares of Invesco Preferred ETF by 11.2% in the 4th quarter. Prosperity Consulting Group LLC now owns 86,420 shares of the company’s stock valued at $996,000 after acquiring an additional 8,724 shares during the last quarter.

Invesco Preferred ETF Trading Down 0.6 %

PGX opened at $10.99 on Tuesday. Invesco Preferred ETF has a twelve month low of $10.70 and a twelve month high of $12.54. The firm’s fifty day moving average is $11.23 and its two-hundred day moving average is $11.59.

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.