Invesco Preferred ETF $PGX Shares Purchased by Prairiewood Capital LLC

Prairiewood Capital LLC lifted its position in Invesco Preferred ETF (NYSEARCA:PGX) by 10.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 728,526 shares of the company’s stock after buying an additional 70,580 shares during the period. Invesco Preferred ETF makes up 1.8% of Prairiewood Capital LLC’s holdings, making the stock its 16th largest position. Prairiewood Capital LLC owned about 0.20% of Invesco Preferred ETF worth $7,336,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Community Financial Services Group LLC bought a new position in shares of Invesco Preferred ETF in the 3rd quarter valued at approximately $42,000. KG Capital Management grew its stake in shares of Invesco Preferred ETF by 1.0% during 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 last quarter. Argus Investors Counsel Inc. acquired a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth approximately $371,000. Eclectic Associates Inc. ADV acquired a new position in shares of Invesco Preferred ETF during the 3rd quarter worth about $189,000. Finally, Farther Finance Advisors LLC raised its position in shares of Invesco Preferred ETF by 50.0% during the third quarter. Farther Finance Advisors LLC now owns 27,953 shares of the company’s stock worth $281,000 after purchasing an additional 9,322 shares during the period. Institutional investors and hedge funds own 8.60% of the company’s stock.

Invesco Preferred ETF Trading Down 0.5%

NYSEARCA:PGX traded down $0.05 during trading hours on Friday, reaching $10.04. 20,820,339 shares of the stock were exchanged, compared to its average volume of 3,963,934. Invesco Preferred ETF has a twelve month low of $9.93 and a twelve month high of $11.64. The firm has a 50 day moving average of $10.38 and a 200 day moving average of $10.75.

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.