Headlands Technologies LLC Buys 3,561 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Headlands Technologies LLC lifted its position in Invesco Preferred ETF (NYSEARCA:PGX) by 48.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,839 shares of the company’s stock after acquiring an additional 3,561 shares during the quarter. Headlands Technologies LLC’s holdings in Invesco Preferred ETF were worth $129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PGX. Fortitude Family Office LLC bought a new stake in shares of Invesco Preferred ETF during the 4th quarter worth $32,000. Gradient Investments LLC increased its holdings in Invesco Preferred ETF by 102.9% during the fourth quarter. Gradient Investments LLC now owns 2,755 shares of the company’s stock worth $32,000 after buying an additional 1,397 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in Invesco Preferred ETF in the fourth quarter worth about $34,000. Capital Analysts LLC boosted its stake in Invesco Preferred ETF by 91.4% in the fourth quarter. Capital Analysts LLC now owns 3,465 shares of the company’s stock valued at $40,000 after acquiring an additional 1,655 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Invesco Preferred ETF during the 1st quarter worth approximately $46,000.

Invesco Preferred ETF Stock Performance

NYSEARCA:PGX traded down $0.04 during trading hours on Wednesday, reaching $11.77. The stock had a trading volume of 549,033 shares, compared to its average volume of 3,445,369. Invesco Preferred ETF has a 12-month low of $10.14 and a 12-month high of $12.06. The stock has a 50 day simple moving average of $11.59 and a 200 day simple moving average of $11.67.

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.