Curbstone Financial Management Corp Purchases Shares of 21,470 Invesco Preferred ETF (NYSEARCA:PGX)

Curbstone Financial Management Corp purchased a new stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) in the first quarter, HoldingsChannel reports. The institutional investor purchased 21,470 shares of the company’s stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of Invesco Preferred ETF by 131.9% during the 4th quarter. JPMorgan Chase & Co. now owns 4,148,592 shares of the company’s stock worth $47,833,000 after acquiring an additional 2,359,356 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Invesco Preferred ETF by 87.0% during the 4th quarter. HighTower Advisors LLC now owns 193,790 shares of the company’s stock worth $2,234,000 after acquiring an additional 90,147 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Invesco Preferred ETF by 657.9% during the 4th quarter. Principal Financial Group Inc. now owns 717,581 shares of the company’s stock worth $8,274,000 after acquiring an additional 622,895 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of 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 acquiring an additional 73,760 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. bought a new stake in shares of Invesco Preferred ETF during the 4th quarter worth $264,000.

Invesco Preferred ETF Price Performance

PGX opened at $11.04 on Thursday. The business has a fifty day simple moving average of $10.99 and a 200-day simple moving average of $11.40. Invesco Preferred ETF has a fifty-two week low of $10.70 and a fifty-two week 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.