Sowell Financial Services LLC Grows Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Sowell Financial Services LLC lifted its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 231,392 shares of the company’s stock after purchasing an additional 7,576 shares during the period. Sowell Financial Services LLC owned about 0.06% of Invesco Preferred ETF worth $2,668,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Spectrum Asset Management Inc. raised its stake in Invesco Preferred ETF by 64.7% in the fourth quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock valued at $66,546,000 after buying an additional 2,266,498 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Invesco Preferred ETF in the fourth quarter valued at $29,537,000. JPMorgan Chase & Co. raised its stake in Invesco Preferred ETF by 71.6% in the third quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock valued at $22,097,000 after buying an additional 746,783 shares in the last quarter. Advisors Management Group Inc. ADV raised its stake in Invesco Preferred ETF by 3.8% in the fourth quarter. Advisors Management Group Inc. ADV now owns 1,288,642 shares of the company’s stock valued at $14,858,000 after buying an additional 47,652 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Invesco Preferred ETF by 6.8% in the third quarter. Stifel Financial Corp now owns 951,769 shares of the company’s stock valued at $11,754,000 after buying an additional 60,601 shares in the last quarter.

Invesco Preferred ETF Stock Performance

Invesco Preferred ETF stock opened at $11.52 on Monday. Invesco Preferred ETF has a 1-year low of $11.23 and a 1-year high of $12.54. The stock’s fifty day moving average is $11.60 and its two-hundred day moving average is $11.92.

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.