Amicus Financial Advisors LLC Acquires Shares of 68,310 Invesco Preferred ETF $PGX

Amicus Financial Advisors LLC acquired a new position in shares of Invesco Preferred ETF (NYSEARCA:PGX) in the fourth quarter, Holdings Channel reports. The fund acquired 68,310 shares of the company’s stock, valued at approximately $768,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. New England Private Wealth Advisors LLC raised its stake in shares of Invesco Preferred ETF by 1.6% during the fourth quarter. New England Private Wealth Advisors LLC now owns 58,682 shares of the company’s stock worth $660,000 after purchasing an additional 916 shares during the last quarter. Shepherd Kaplan Krochuk LLC grew its position in Invesco Preferred ETF by 0.6% in the 3rd quarter. Shepherd Kaplan Krochuk LLC now owns 153,126 shares of the company’s stock valued at $1,776,000 after buying an additional 962 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Invesco Preferred ETF by 6.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 16,192 shares of the company’s stock valued at $182,000 after buying an additional 1,046 shares during the last quarter. KG&L Capital Management LLC increased its stake in Invesco Preferred ETF by 0.5% in the 4th quarter. KG&L Capital Management LLC now owns 198,892 shares of the company’s stock valued at $2,236,000 after buying an additional 1,068 shares during the period. Finally, Friedenthal Financial increased its stake in Invesco Preferred ETF by 4.2% in the 4th quarter. Friedenthal Financial now owns 29,051 shares of the company’s stock valued at $327,000 after buying an additional 1,158 shares during the period. 8.60% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Preferred ETF Stock Performance

Shares of Invesco Preferred ETF stock opened at $10.99 on Friday. Invesco Preferred ETF has a one year low of $10.84 and a one year high of $11.92. The firm has a fifty day moving average of $11.06 and a two-hundred day moving average of $11.20.

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.