Mirae Asset Global Investments Co. Ltd. Invests $720,000 in Invesco Preferred ETF (NYSEARCA:PGX)

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Invesco Preferred ETF (NYSEARCA:PGX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 62,790 shares of the company’s stock, valued at approximately $720,000.

Several other hedge funds also recently modified their holdings of the company. LPL Financial LLC increased its holdings in shares of Invesco Preferred ETF by 12.2% in the third quarter. LPL Financial LLC now owns 14,641,628 shares of the company’s stock valued at $160,326,000 after purchasing an additional 1,587,869 shares in the last quarter. Spectrum Asset Management Inc. increased its holdings in shares of Invesco Preferred ETF by 11.4% in the third quarter. Spectrum Asset Management Inc. now owns 2,836,727 shares of the company’s stock valued at $31,117,000 after purchasing an additional 289,503 shares in the last quarter. Iowa State Bank increased its holdings in shares of Invesco Preferred ETF by 1.0% in the third quarter. Iowa State Bank now owns 1,436,882 shares of the company’s stock valued at $15,734,000 after purchasing an additional 14,229 shares in the last quarter. Avantax Planning Partners Inc. increased its holdings in shares of Invesco Preferred ETF by 17.2% in the third quarter. Avantax Planning Partners Inc. now owns 1,081,268 shares of the company’s stock valued at $11,840,000 after purchasing an additional 158,737 shares in the last quarter. Finally, Checchi Capital Advisers LLC increased its holdings in shares of Invesco Preferred ETF by 15.6% in the third quarter. Checchi Capital Advisers LLC now owns 966,984 shares of the company’s stock valued at $10,588,000 after purchasing an additional 130,751 shares in the last quarter.

Invesco Preferred ETF Price Performance

Shares of Invesco Preferred ETF stock opened at $11.52 on Thursday. The firm has a 50 day simple moving average of $11.78 and a 200 day simple moving average of $11.41. Invesco Preferred ETF has a fifty-two week low of $10.14 and a fifty-two week high of $12.06.

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.