Friedenthal Financial Increases Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Friedenthal Financial grew its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 5.5% during the second quarter, Holdings Channel reports. The firm owned 39,192 shares of the company’s stock after purchasing an additional 2,031 shares during the period. Friedenthal Financial’s holdings in Invesco Preferred ETF were worth $453,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PGX. Cohen & Steers Inc. increased its position in shares of Invesco Preferred ETF by 1,074,842.8% during the fourth quarter. Cohen & Steers Inc. now owns 6,707,643 shares of the company’s stock worth $76,937,000 after purchasing an additional 6,707,019 shares in the last quarter. Spectrum Asset Management Inc. lifted its stake in Invesco Preferred ETF by 30.2% in the fourth quarter. Spectrum Asset Management Inc. now owns 3,694,150 shares of the company’s stock valued at $42,376,000 after buying an additional 857,423 shares during the last quarter. Allworth Financial LP lifted its stake in Invesco Preferred ETF by 7.0% in the first quarter. Allworth Financial LP now owns 3,380,662 shares of the company’s stock valued at $40,162,000 after buying an additional 219,855 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of Invesco Preferred ETF by 10.4% during the first quarter. Osaic Holdings Inc. now owns 2,027,101 shares of the company’s stock worth $24,083,000 after acquiring an additional 191,636 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Invesco Preferred ETF by 53.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,318,029 shares of the company’s stock worth $15,658,000 after acquiring an additional 461,692 shares during the last quarter.

Invesco Preferred ETF Stock Performance

Shares of Invesco Preferred ETF stock traded up $0.12 during trading on Tuesday, reaching $11.77. The company’s stock had a trading volume of 2,437,056 shares, compared to its average volume of 3,490,906. The company has a 50-day moving average price of $11.65 and a two-hundred day moving average price of $11.68. Invesco Preferred ETF has a fifty-two week low of $10.14 and a fifty-two week high of $12.06.

About Invesco Preferred ETF

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.