Allworth Financial LP Grows Stake in Invesco Preferred ETF (NYSEARCA:PGX)

Allworth Financial LP increased its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 4.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,588,261 shares of the company’s stock after buying an additional 148,476 shares during the period. Allworth Financial LP’s holdings in Invesco Preferred ETF were worth $44,315,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PGX. Advisory Alpha LLC grew its stake in shares of Invesco Preferred ETF by 0.6% during the second quarter. Advisory Alpha LLC now owns 152,206 shares of the company’s stock valued at $1,758,000 after buying an additional 914 shares during the last quarter. NBC Securities Inc. boosted its holdings in Invesco Preferred ETF by 2.8% during the 3rd quarter. NBC Securities Inc. now owns 34,376 shares of the company’s stock valued at $424,000 after acquiring an additional 950 shares during the period. Oxbow Advisors LLC grew its position in Invesco Preferred ETF by 5.6% during the 2nd quarter. Oxbow Advisors LLC now owns 22,494 shares of the company’s stock worth $260,000 after acquiring an additional 1,199 shares during the last quarter. Argus Investors Counsel Inc. increased its stake in Invesco Preferred ETF by 3.1% in the 2nd quarter. Argus Investors Counsel Inc. now owns 41,526 shares of the company’s stock worth $480,000 after purchasing an additional 1,237 shares during the period. Finally, Wagner Wealth Management LLC lifted its position in Invesco Preferred ETF by 2.1% in the third quarter. Wagner Wealth Management LLC now owns 59,817 shares of the company’s stock valued at $739,000 after purchasing an additional 1,239 shares during the last quarter.

Invesco Preferred ETF Price Performance

NYSEARCA:PGX opened at $12.20 on Friday. Invesco Preferred ETF has a fifty-two week low of $10.19 and a fifty-two week high of $12.54. The business has a 50 day moving average price of $12.26 and a 200-day moving average price of $11.82.

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.