10,000 Shares in Invesco Preferred ETF (NYSEARCA:PGX) Acquired by FWL Investment Management LLC

FWL Investment Management LLC bought a new stake in Invesco Preferred ETF (NYSEARCA:PGX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the company’s stock, valued at approximately $115,000.

Several other hedge funds have also bought and sold shares of the stock. First Trust Advisors LP bought a new stake in Invesco Preferred ETF in the 4th quarter worth approximately $110,748,000. Bank of America Corp DE raised its stake in shares of Invesco Preferred ETF by 14.9% during the fourth quarter. Bank of America Corp DE now owns 63,414,625 shares of the company’s stock worth $731,171,000 after acquiring an additional 8,205,825 shares in the last quarter. Cohen & Steers Inc. lifted its holdings in shares of Invesco Preferred ETF by 2,643,140.2% in the 4th quarter. Cohen & Steers Inc. now owns 4,995,724 shares of the company’s stock worth $57,601,000 after acquiring an additional 4,995,535 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Invesco Preferred ETF in the 4th quarter valued at $29,537,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Invesco Preferred ETF by 131.9% in the 4th quarter. JPMorgan Chase & Co. now owns 4,148,592 shares of the company’s stock valued at $47,833,000 after purchasing an additional 2,359,356 shares in the last quarter.

Invesco Preferred ETF Trading Up 0.2 %

Shares of NYSEARCA:PGX opened at $11.09 on Thursday. The company’s fifty day moving average is $11.21 and its 200 day moving average is $11.58. Invesco Preferred ETF has a 52 week low of $10.70 and a 52 week high of $12.54.

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.