Invesco Preferred ETF $PGX Shares Purchased by Stonebridge Advisors LLC

Stonebridge Advisors LLC lifted its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 1,818.9% in the fourth quarter, Holdings Channel reports. The firm owned 792,408 shares of the company’s stock after buying an additional 751,113 shares during the period. Invesco Preferred ETF comprises about 4.9% of Stonebridge Advisors LLC’s portfolio, making the stock its 4th largest position. Stonebridge Advisors LLC’s holdings in Invesco Preferred ETF were worth $8,907,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Spectrum Asset Management Inc. boosted its stake in Invesco Preferred ETF by 47.9% in the 4th quarter. Spectrum Asset Management Inc. now owns 5,372,426 shares of the company’s stock worth $60,386,000 after purchasing an additional 1,739,156 shares in the last quarter. Bank of America Corp DE boosted its stake in Invesco Preferred ETF by 2.1% in the 3rd quarter. Bank of America Corp DE now owns 65,973,646 shares of the company’s stock worth $765,294,000 after purchasing an additional 1,333,558 shares in the last quarter. UBS Group AG boosted its stake in Invesco Preferred ETF by 32.2% in the 4th quarter. UBS Group AG now owns 5,345,570 shares of the company’s stock worth $60,084,000 after purchasing an additional 1,300,981 shares in the last quarter. Trinity Legacy Partners LLC boosted its stake in Invesco Preferred ETF by 3,866.1% in the 4th quarter. Trinity Legacy Partners LLC now owns 717,856 shares of the company’s stock worth $8,069,000 after purchasing an additional 699,756 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Invesco Preferred ETF by 57.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,874,427 shares of the company’s stock worth $21,031,000 after purchasing an additional 683,754 shares in the last quarter. Institutional investors and hedge funds own 8.60% of the company’s stock.

Invesco Preferred ETF Trading Down 0.3%

PGX stock opened at $11.01 on Tuesday. The firm has a 50 day moving average of $11.12 and a 200 day moving average of $11.27. Invesco Preferred ETF has a 52 week low of $10.82 and a 52 week high of $11.92.

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. 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.