Baker Avenue Asset Management LP Acquires 12,357 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Baker Avenue Asset Management LP raised its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 5.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,828 shares of the company’s stock after purchasing an additional 12,357 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Invesco Preferred ETF were worth $2,801,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of Invesco Preferred ETF in the second quarter valued at about $35,000. Eastern Bank acquired a new stake in shares of Invesco Preferred ETF in the third quarter valued at approximately $37,000. Consultiva Wealth Management CORP. bought a new stake in shares of Invesco Preferred ETF in the first quarter valued at approximately $96,000. Orrstown Financial Services Inc. acquired a new stake in Invesco Preferred ETF during the third quarter worth approximately $124,000. Finally, Ellis Investment Partners LLC bought a new position in Invesco Preferred ETF during the 3rd quarter worth $124,000.

Invesco Preferred ETF Trading Up 1.0 %

NYSEARCA:PGX opened at $12.31 on Monday. Invesco Preferred ETF has a fifty-two week low of $10.74 and a fifty-two week high of $12.54. The stock has a fifty day moving average price of $12.29 and a 200-day moving average price of $11.87.

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.