Integrated Wealth Concepts LLC Raises Stake in Invesco Preferred ETF $PGX

Integrated Wealth Concepts LLC boosted its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 11.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 461,448 shares of the company’s stock after buying an additional 47,971 shares during the quarter. Integrated Wealth Concepts LLC owned approximately 0.13% of Invesco Preferred ETF worth $5,002,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. RFG Advisory LLC raised its position in Invesco Preferred ETF by 2.7% in the second quarter. RFG Advisory LLC now owns 119,187 shares of the company’s stock worth $1,292,000 after acquiring an additional 3,144 shares during the period. NewEdge Advisors LLC grew its position in shares of Invesco Preferred ETF by 14.6% during the 2nd quarter. NewEdge Advisors LLC now owns 152,069 shares of the company’s stock valued at $1,648,000 after acquiring an additional 19,396 shares during the period. Allworth Financial LP grew its position in shares of Invesco Preferred ETF by 2.1% during the 2nd quarter. Allworth Financial LP now owns 3,438,874 shares of the company’s stock valued at $37,277,000 after acquiring an additional 71,096 shares during the period. Ameritas Advisory Services LLC increased its stake in shares of Invesco Preferred ETF by 58.5% during the 2nd quarter. Ameritas Advisory Services LLC now owns 20,432 shares of the company’s stock worth $221,000 after purchasing an additional 7,541 shares during the last quarter. Finally, HB Wealth Management LLC increased its stake in shares of Invesco Preferred ETF by 23.4% during the 2nd quarter. HB Wealth Management LLC now owns 13,387 shares of the company’s stock worth $145,000 after purchasing an additional 2,536 shares during the last quarter. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Trading Up 0.2%

Invesco Preferred ETF stock opened at $10.43 on Friday. Invesco Preferred ETF has a 12 month low of $10.37 and a 12 month high of $11.92. The business’s 50 day simple moving average is $10.68 and its 200 day simple moving average is $10.94.

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.