Shares of Invesco Preferred ETF (NYSEARCA:PGX – Get Free Report) saw unusually-high trading volume on Friday. Approximately 10,501,809 shares changed hands during trading, an increase of 171% from the previous session’s volume of 3,871,470 shares. The stock last traded at $10.0970 and had previously closed at $10.09.
Invesco Preferred ETF Stock Performance
The business has a fifty day moving average of $10.39 and a two-hundred day moving average of $10.76.
Institutional Investors Weigh In On Invesco Preferred ETF
Several hedge funds have recently added to or reduced their stakes in PGX. Community Financial Services Group LLC bought a new position in Invesco Preferred ETF during the third quarter worth $42,000. KG Capital Management raised its position in shares of Invesco Preferred ETF by 1.0% in the third quarter. KG Capital Management now owns 117,594 shares of the company’s stock valued at $1,184,000 after purchasing an additional 1,114 shares during the period. Argus Investors Counsel Inc. acquired a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth about $371,000. Eclectic Associates Inc. ADV acquired a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth about $189,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Invesco Preferred ETF by 50.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 27,953 shares of the company’s stock worth $281,000 after buying an additional 9,322 shares during the last quarter. Institutional investors and hedge funds own 8.60% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Invesco Preferred ETF
- Bank of America Stock Sell-Off Looks Like a Buying Opportunity
- AST SpaceMobile Is Down 67%—Could SpaceX’s Mobile Push Deepen the Selloff?
- GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking
- Fundamental and Technicals Signals Align for Costco: Is the Stock Finally Breaking Out?
Receive News & Ratings for Invesco Preferred ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Preferred ETF and related companies with MarketBeat.com's FREE daily email newsletter.
