Mirae Asset Global Investments Co. Ltd. Takes Position in Invesco Preferred ETF (NYSEARCA:PGX)

Mirae Asset Global Investments Co. Ltd. bought a new stake in Invesco Preferred ETF (NYSEARCA:PGX) during the first quarter, Holdings Channel reports. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $1,132,000.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Invesco Preferred ETF by 131.9% in the fourth quarter. JPMorgan Chase & Co. now owns 4,148,592 shares of the company’s stock worth $47,833,000 after purchasing an additional 2,359,356 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Invesco Preferred ETF by 1,730.7% in the first quarter. Farther Finance Advisors LLC now owns 26,802 shares of the company’s stock worth $302,000 after purchasing an additional 25,338 shares during the last quarter. HighTower Advisors LLC boosted its position in Invesco Preferred ETF by 87.0% in the fourth quarter. HighTower Advisors LLC now owns 193,790 shares of the company’s stock worth $2,234,000 after purchasing an additional 90,147 shares during the last quarter. GAMMA Investing LLC boosted its position in Invesco Preferred ETF by 27.3% in the first quarter. GAMMA Investing LLC now owns 35,246 shares of the company’s stock worth $395,000 after purchasing an additional 7,569 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Invesco Preferred ETF by 97.8% in the fourth quarter. Jane Street Group LLC now owns 149,181 shares of the company’s stock worth $1,720,000 after purchasing an additional 73,760 shares during the last quarter. Institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Price Performance

PGX stock opened at $11.27 on Friday. The stock’s fifty day simple moving average is $11.04 and its two-hundred day simple moving average is $11.31. Invesco Preferred ETF has a 1-year low of $10.70 and a 1-year high of $12.54.

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.