Transatlantique Private Wealth LLC Raises Holdings in Invesco Preferred ETF $PGX

Transatlantique Private Wealth LLC boosted its position in Invesco Preferred ETF (NYSEARCA:PGX) by 23.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 270,002 shares of the company’s stock after buying an additional 51,310 shares during the period. Invesco Preferred ETF accounts for about 0.9% of Transatlantique Private Wealth LLC’s holdings, making the stock its 23rd largest holding. Transatlantique Private Wealth LLC’s holdings in Invesco Preferred ETF were worth $3,035,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE increased its stake in Invesco Preferred ETF by 2.1% in the 3rd quarter. Bank of America Corp DE now owns 65,973,646 shares of the company’s stock valued at $765,294,000 after purchasing an additional 1,333,558 shares in the last quarter. Spectrum Asset Management Inc. increased its stake in Invesco Preferred ETF by 47.9% in the 4th quarter. Spectrum Asset Management Inc. now owns 5,372,426 shares of the company’s stock valued at $60,386,000 after purchasing an additional 1,739,156 shares in the last quarter. UBS Group AG increased its stake in Invesco Preferred ETF by 32.2% in the 4th quarter. UBS Group AG now owns 5,345,570 shares of the company’s stock valued at $60,084,000 after purchasing an additional 1,300,981 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Invesco Preferred ETF by 7.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,437,063 shares of the company’s stock valued at $51,470,000 after purchasing an additional 298,013 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Invesco Preferred ETF by 4.7% in the 4th quarter. Allworth Financial LP now owns 3,194,448 shares of the company’s stock valued at $35,906,000 after purchasing an additional 144,402 shares in the last quarter. 8.60% of the stock is owned by hedge funds and other institutional investors.

Invesco Preferred ETF Stock Down 0.5%

NYSEARCA PGX opened at $10.94 on Thursday. Invesco Preferred ETF has a 1-year low of $10.86 and a 1-year high of $11.92. The business has a 50 day moving average price of $11.07 and a 200 day moving average price of $11.23.

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. 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.