Invesco Preferred ETF $PGX Shares Acquired by Pines Wealth Management LLC

by · The Markets Daily

Pines Wealth Management LLC lifted its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 7.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,076 shares of the company’s stock after acquiring an additional 2,370 shares during the quarter. Pines Wealth Management LLC’s holdings in Invesco Preferred ETF were worth $407,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. LPL Financial LLC increased its stake in shares of Invesco Preferred ETF by 3.3% during the first quarter. LPL Financial LLC now owns 15,193,057 shares of the company’s stock valued at $170,466,000 after acquiring an additional 486,697 shares during the period. Royal Bank of Canada boosted its holdings in Invesco Preferred ETF by 3.3% during the fourth quarter. Royal Bank of Canada now owns 3,856,482 shares of the company’s stock worth $44,467,000 after buying an additional 122,258 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Invesco Preferred ETF by 8.1% during the first quarter. Raymond James Financial Inc. now owns 2,769,857 shares of the company’s stock worth $31,078,000 after buying an additional 208,107 shares in the last quarter. Allworth Financial LP boosted its holdings in Invesco Preferred ETF by 4.7% during the first quarter. Allworth Financial LP now owns 2,627,449 shares of the company’s stock worth $29,086,000 after buying an additional 118,251 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Invesco Preferred ETF by 57.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,874,427 shares of the company’s stock worth $21,031,000 after buying an additional 683,754 shares in the last quarter. Institutional investors and hedge funds own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Performance

Shares of NYSEARCA:PGX opened at $11.87 on Thursday. Invesco Preferred ETF has a 1-year low of $10.70 and a 1-year high of $12.54. The company has a 50 day moving average price of $11.43 and a 200 day moving average price of $11.24.

Invesco Preferred ETF Company Profile

(Free Report)

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.

Featured Articles