Sheaff Brock Investment Advisors LLC increased its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 17.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,050 shares of the company’s stock after acquiring an additional 2,800 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Invesco Preferred ETF were worth $279,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisor Group Inc. lifted its stake in shares of Invesco Preferred ETF by 70.2% in the second quarter. Advisor Group Inc. now owns 1,201,915 shares of the company’s stock valued at $17,585,000 after buying an additional 495,816 shares in the last quarter. Advisors Preferred LLC purchased a new stake in shares of Invesco Preferred ETF in the first quarter valued at about $4,462,000. Appleton Group LLC purchased a new stake in shares of Invesco Preferred ETF in the first quarter valued at about $4,863,000. Trinity Legacy Partners LLC raised its holdings in shares of Invesco Preferred ETF by 14.9% in the first quarter. Trinity Legacy Partners LLC now owns 2,169,613 shares of the company’s stock valued at $31,459,000 after purchasing an additional 281,342 shares during the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Invesco Preferred ETF in the first quarter valued at about $3,301,000.
Shares of PGX stock traded up $0.02 on Thursday, hitting $14.97. The stock had a trading volume of 700 shares, compared to its average volume of 2,042,896. The company’s 50 day moving average is $14.80. Invesco Preferred ETF has a 12-month low of $13.12 and a 12-month high of $14.96.
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.
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