Live Oak Investment Partners Makes New $3.48 Million Investment in Invesco Preferred ETF $PGX

Live Oak Investment Partners bought a new position in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 317,859 shares of the company’s stock, valued at approximately $3,481,000. Invesco Preferred ETF makes up 2.6% of Live Oak Investment Partners’ investment portfolio, making the stock its 12th largest holding. Live Oak Investment Partners owned about 0.09% of Invesco Preferred ETF at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC bought a new position in Invesco Preferred ETF during the 4th quarter worth $626,000. Goldman Sachs Group Inc. grew its holdings in shares of Invesco Preferred ETF by 57.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,874,427 shares of the company’s stock worth $21,031,000 after purchasing an additional 683,754 shares in the last quarter. Jane Street Group LLC increased its position in shares of Invesco Preferred ETF by 181.6% in the first quarter. Jane Street Group LLC now owns 420,120 shares of the company’s stock worth $4,714,000 after purchasing an additional 270,939 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Invesco Preferred ETF by 94.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,430 shares of the company’s stock worth $60,000 after purchasing an additional 2,637 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Invesco Preferred ETF by 15.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 70,093 shares of the company’s stock valued at $780,000 after purchasing an additional 9,274 shares in the last quarter. 8.60% of the stock is currently owned by institutional investors.

Invesco Preferred ETF Stock Up 0.3%

PGX opened at $11.43 on Friday. Invesco Preferred ETF has a twelve month low of $10.70 and a twelve month high of $11.92. The company has a 50-day simple moving average of $11.30 and a 200 day simple moving average of $11.42.

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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.