NewSquare Capital LLC Grows Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

NewSquare Capital LLC grew its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,817 shares of the company’s stock after acquiring an additional 4,265 shares during the period. NewSquare Capital LLC’s holdings in Invesco Preferred ETF were worth $812,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Investment Advisory Services LLC increased its holdings in Invesco Preferred ETF by 13.4% in the 4th quarter. Capital Investment Advisory Services LLC now owns 8,467 shares of the company’s stock worth $97,000 after acquiring an additional 1,003 shares in the last quarter. CWM LLC raised its holdings in Invesco Preferred ETF by 14.2% during the fourth quarter. CWM LLC now owns 38,289 shares of the company’s stock valued at $439,000 after acquiring an additional 4,757 shares during the period. Wetzel Investment Advisors Inc. purchased a new position in shares of Invesco Preferred ETF in the fourth quarter valued at about $34,000. Western Wealth Management LLC boosted its stake in shares of Invesco Preferred ETF by 225.1% in the fourth quarter. Western Wealth Management LLC now owns 83,924 shares of the company’s stock worth $963,000 after acquiring an additional 58,109 shares during the period. Finally, ACT Advisors LLC. purchased a new stake in shares of Invesco Preferred ETF during the fourth quarter worth about $327,000.

Invesco Preferred ETF Stock Down 0.1 %

NYSEARCA PGX traded down $0.01 during trading hours on Wednesday, reaching $11.52. The company’s stock had a trading volume of 2,127,513 shares, compared to its average volume of 3,789,479. Invesco Preferred ETF has a 1 year low of $10.14 and a 1 year high of $12.06. The firm’s 50-day moving average price is $11.79 and its 200-day moving average price is $11.41.

Invesco Preferred ETF Company 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.