D.A. Davidson & CO. Has $875,000 Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

D.A. Davidson & CO. grew its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 2.3% during the 4th quarter, Holdings Channel reports. The firm owned 75,865 shares of the company’s stock after buying an additional 1,722 shares during the period. D.A. Davidson & CO.’s holdings in Invesco Preferred ETF were worth $875,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Invesco Preferred ETF during the 3rd quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Invesco Preferred ETF by 299.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock worth $32,000 after acquiring an additional 2,093 shares during the last quarter. Kentucky Trust Co acquired a new position in shares of Invesco Preferred ETF during the 4th quarter worth approximately $36,000. Roxbury Financial LLC acquired a new position in shares of Invesco Preferred ETF during the 4th quarter worth approximately $42,000. Finally, Orrstown Financial Services Inc. acquired a new position in shares of Invesco Preferred ETF during the 3rd quarter worth approximately $124,000.

Invesco Preferred ETF Price Performance

PGX stock opened at $11.59 on Tuesday. The business’s 50 day simple moving average is $11.59 and its 200 day simple moving average is $11.93. Invesco Preferred ETF has a 1-year low of $11.23 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.