Invesco Preferred ETF (NYSEARCA:PGX) Shares Purchased by Comerica Bank

Comerica Bank raised its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 50.3% during the fourth quarter, Holdings Channel reports. The firm owned 240,307 shares of the company’s stock after purchasing an additional 80,444 shares during the period. Comerica Bank’s holdings in Invesco Preferred ETF were worth $2,771,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Lido Advisors LLC boosted its holdings in Invesco Preferred ETF by 2.9% in the fourth quarter. Lido Advisors LLC now owns 53,348 shares of the company’s stock valued at $615,000 after acquiring an additional 1,490 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Invesco Preferred ETF in the 4th quarter valued at about $1,099,000. Prosperity Consulting Group LLC lifted 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 purchasing an additional 8,724 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Invesco Preferred ETF during the 4th quarter worth about $255,000. Finally, Integrated Wealth Concepts LLC increased its position in Invesco Preferred ETF by 2.1% during the 4th quarter. Integrated Wealth Concepts LLC now owns 395,118 shares of the company’s stock worth $4,556,000 after purchasing an additional 8,035 shares in the last quarter.

Invesco Preferred ETF Stock Down 0.3 %

Shares of PGX stock opened at $11.06 on Friday. Invesco Preferred ETF has a fifty-two week low of $10.70 and a fifty-two week high of $12.54. The firm’s 50 day moving average price is $11.20 and its two-hundred day moving average price is $11.58.

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.