Invesco Preferred ETF $PGX Holdings Increased by Stonebridge Advisors LLC

Stonebridge Advisors LLC lifted its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 54.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,223,779 shares of the company’s stock after acquiring an additional 431,371 shares during the period. Invesco Preferred ETF accounts for approximately 15.7% of Stonebridge Advisors LLC’s holdings, making the stock its 2nd biggest holding. Stonebridge Advisors LLC owned 0.35% of Invesco Preferred ETF worth $13,315,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ibex Wealth Advisors lifted its stake in shares of Invesco Preferred ETF by 0.8% in the 1st quarter. Ibex Wealth Advisors now owns 121,097 shares of the company’s stock valued at $1,318,000 after purchasing an additional 909 shares during the last quarter. New England Private Wealth Advisors LLC increased its position in shares of Invesco Preferred ETF by 1.6% during the 4th quarter. New England Private Wealth Advisors LLC now owns 58,682 shares of the company’s stock valued at $660,000 after purchasing an additional 916 shares during the last quarter. Apella Capital LLC raised its holdings in Invesco Preferred ETF by 5.0% during the 1st quarter. Apella Capital LLC now owns 19,507 shares of the company’s stock valued at $220,000 after buying an additional 929 shares during the period. Shepherd Kaplan Krochuk LLC raised its holdings in Invesco Preferred ETF by 0.6% during the 3rd quarter. Shepherd Kaplan Krochuk LLC now owns 153,126 shares of the company’s stock valued at $1,776,000 after buying an additional 962 shares during the period. Finally, Balanced Wealth Group LLC lifted its position in Invesco Preferred ETF by 2.4% in the first quarter. Balanced Wealth Group LLC now owns 41,237 shares of the company’s stock worth $449,000 after buying an additional 965 shares during the last quarter. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Trading Down 0.1%

PGX stock traded down $0.01 during mid-day trading on Friday, reaching $10.85. 2,849,857 shares of the stock traded hands, compared to its average volume of 3,217,198. Invesco Preferred ETF has a one year low of $10.76 and a one year high of $11.92. The business has a 50-day moving average price of $10.96 and a two-hundred day moving average price of $11.16.

Invesco Preferred ETF 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.