Reitz Capital Advisors LLC increased its position in Invesco Preferred ETF (NYSEARCA:PGX) by 18.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 158,481 shares of the company’s stock after acquiring an additional 25,063 shares during the period. Invesco Preferred ETF comprises approximately 2.6% of Reitz Capital Advisors LLC’s holdings, making the stock its 10th largest position. Reitz Capital Advisors LLC’s holdings in Invesco Preferred ETF were worth $2,319,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Winslow Evans & Crocker Inc. purchased a new position in Invesco Preferred ETF in the 1st quarter worth approximately $26,000. FMR LLC raised its stake in Invesco Preferred ETF by 517.1% during the 1st quarter. FMR LLC now owns 2,018 shares of the company’s stock valued at $29,000 after buying an additional 1,691 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Invesco Preferred ETF during the 1st quarter valued at $30,000. Whittier Trust Co. grew its position in shares of Invesco Preferred ETF by 3,191.9% during the 1st quarter. Whittier Trust Co. now owns 2,436 shares of the company’s stock valued at $35,000 after acquiring an additional 2,362 shares during the period. Finally, Quad Cities Investment Group LLC grew its position in shares of Invesco Preferred ETF by 64.3% during the 1st quarter. Quad Cities Investment Group LLC now owns 8,761 shares of the company’s stock valued at $126,000 after acquiring an additional 3,430 shares during the period.
Shares of PGX stock traded down $0.01 during mid-day trading on Wednesday, reaching $14.88. 16,289 shares of the company’s stock traded hands, compared to its average volume of 2,039,035. Invesco Preferred ETF has a 12 month low of $13.12 and a 12 month high of $14.91. The firm’s 50 day moving average price is $14.74.
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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