Noesis Capital Mangement Corp Purchases 459,127 Shares of Invesco Preferred ETF $PGX

Noesis Capital Mangement Corp purchased a new position in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 459,127 shares of the company’s stock, valued at approximately $4,623,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE grew its stake in Invesco Preferred ETF by 3.4% during the 1st quarter. Bank of America Corp DE now owns 81,133,531 shares of the company’s stock worth $882,733,000 after buying an additional 2,684,132 shares during the last quarter. Allworth Financial LP raised its stake in Invesco Preferred ETF by 2.1% in the second quarter. Allworth Financial LP now owns 3,438,874 shares of the company’s stock valued at $37,277,000 after buying an additional 71,096 shares during the last quarter. Checchi Capital Advisers LLC boosted its holdings in Invesco Preferred ETF by 3.3% in the first quarter. Checchi Capital Advisers LLC now owns 1,389,774 shares of the company’s stock worth $15,121,000 after acquiring an additional 44,155 shares in the last quarter. Stonebridge Advisors LLC boosted its holdings in Invesco Preferred ETF by 54.4% in the first quarter. Stonebridge Advisors LLC now owns 1,223,779 shares of the company’s stock worth $13,315,000 after acquiring an additional 431,371 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Invesco Preferred ETF by 47.2% in the second quarter. Envestnet Asset Management Inc. now owns 976,257 shares of the company’s stock worth $10,583,000 after acquiring an additional 313,045 shares in the last quarter. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Performance

PGX opened at $9.88 on Tuesday. Invesco Preferred ETF has a 52-week low of $9.85 and a 52-week high of $11.64. The firm’s 50-day moving average price is $10.31 and its 200-day moving average price is $10.89.

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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.