Invesco Preferred ETF (NYSEARCA:PGX) Shares Bought by Spectrum Asset Management Inc.

Spectrum Asset Management Inc. boosted its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 30.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,694,150 shares of the company’s stock after buying an additional 857,423 shares during the period. Invesco Preferred ETF makes up about 62.7% of Spectrum Asset Management Inc.’s investment portfolio, making the stock its biggest position. Spectrum Asset Management Inc. owned approximately 0.90% of Invesco Preferred ETF worth $42,376,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC acquired a new stake in shares of Invesco Preferred ETF in the 4th quarter valued at approximately $32,000. Gradient Investments LLC raised its holdings in Invesco Preferred ETF by 102.9% in the fourth quarter. Gradient Investments LLC now owns 2,755 shares of the company’s stock worth $32,000 after purchasing an additional 1,397 shares during the period. Wetzel Investment Advisors Inc. bought a new position in shares of Invesco Preferred ETF during the fourth quarter worth $34,000. Capital Analysts LLC grew its holdings in shares of Invesco Preferred ETF by 91.4% in the 4th quarter. Capital Analysts LLC now owns 3,465 shares of the company’s stock valued at $40,000 after buying an additional 1,655 shares during the period. Finally, Trifecta Capital Advisors LLC bought a new position in Invesco Preferred ETF during the fourth quarter worth about $69,000.

Invesco Preferred ETF Trading Up 0.3 %

Shares of NYSEARCA PGX traded up $0.04 during mid-day trading on Thursday, reaching $11.48. 3,708,556 shares of the company’s stock were exchanged, compared to its average volume of 3,840,875. The business has a fifty day simple moving average of $11.75 and a 200 day simple moving average of $11.44. Invesco Preferred ETF has a twelve month low of $10.14 and a twelve month high of $12.06.

About Invesco Preferred ETF

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.