Red Door Wealth Management LLC Purchases New Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Red Door Wealth Management LLC acquired a new position in shares of Invesco Preferred ETF (NYSEARCA:PGX) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 15,000 shares of the company’s stock, valued at approximately $173,000.

Other hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in Invesco Preferred ETF in the 3rd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Invesco Preferred ETF by 299.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock worth $32,000 after buying an additional 2,093 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Invesco Preferred ETF in the second quarter valued at about $35,000. Eastern Bank purchased a new position in shares of Invesco Preferred ETF in the third quarter worth about $37,000. Finally, Orrstown Financial Services Inc. acquired a new position in Invesco Preferred ETF during the third quarter worth about $124,000.

Invesco Preferred ETF Trading Up 0.4 %

PGX stock opened at $11.68 on Friday. The firm has a 50-day moving average of $11.71 and a two-hundred day moving average of $11.94. Invesco Preferred ETF has a 12 month low of $11.23 and a 12 month 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.