ProVise Management Group LLC acquired a new position in Invesco Preferred ETF (NYSEARCA:PGX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 36,069 shares of the company’s stock, valued at approximately $517,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Stuart Chaussee & Associates Inc. bought a new stake in Invesco Preferred ETF during the second quarter valued at about $101,000. Capital Advisors Ltd. LLC bought a new stake in Invesco Preferred ETF during the third quarter valued at about $112,000. Bridgeworth LLC bought a new stake in Invesco Preferred ETF during the second quarter valued at about $125,000. Canandaigua National Bank & Trust Co. bought a new stake in Invesco Preferred ETF during the third quarter valued at about $145,000. Finally, Ausdal Financial Partners Inc. bought a new stake in Invesco Preferred ETF during the second quarter valued at about $152,000.
NYSEARCA:PGX opened at $14.04 on Friday. Invesco Preferred ETF has a 52-week low of $13.89 and a 52-week high of $15.08.
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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.
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