Invesco Preferred ETF $PGX Shares Purchased by Madrona Financial Services LLC

Madrona Financial Services LLC boosted its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 6.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,846 shares of the company’s stock after acquiring an additional 1,547 shares during the period. Madrona Financial Services LLC’s holdings in Invesco Preferred ETF were worth $277,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Invesco Preferred ETF in the first quarter valued at $9,537,000. Goldman Sachs Group Inc. lifted its position in Invesco Preferred ETF by 57.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,874,427 shares of the company’s stock valued at $21,031,000 after purchasing an additional 683,754 shares during the last quarter. LPL Financial LLC boosted its stake in Invesco Preferred ETF by 3.3% during the 1st quarter. LPL Financial LLC now owns 15,193,057 shares of the company’s stock valued at $170,466,000 after purchasing an additional 486,697 shares during the period. Exchange Traded Concepts LLC bought a new position in Invesco Preferred ETF in the 2nd quarter worth about $4,964,000. Finally, GAMMA Investing LLC increased its stake in shares of Invesco Preferred ETF by 1,328.8% in the first quarter. GAMMA Investing LLC now owns 395,460 shares of the company’s stock valued at $44,370,000 after purchasing an additional 367,783 shares during the period. 8.60% of the stock is owned by institutional investors.

Invesco Preferred ETF Stock Up 1.2%

PGX opened at $11.74 on Thursday. The business’s 50 day moving average is $11.53 and its 200-day moving average is $11.25. Invesco Preferred ETF has a twelve month low of $10.70 and a twelve month high of $12.52.

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.