Invesco Preferred ETF (NYSEARCA:PGX) Shares Acquired by Cherry Tree Wealth Management LLC

Cherry Tree Wealth Management LLC lifted its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 495,872 shares of the company’s stock after acquiring an additional 4,135 shares during the quarter. Invesco Preferred ETF comprises approximately 1.4% of Cherry Tree Wealth Management LLC’s holdings, making the stock its 20th biggest holding. Cherry Tree Wealth Management LLC owned approximately 0.13% of Invesco Preferred ETF worth $5,717,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in Invesco Preferred ETF in the 3rd quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Invesco Preferred ETF by 299.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock worth $32,000 after buying an additional 2,093 shares in the last quarter. Eastern Bank acquired a new position in Invesco Preferred ETF in the 3rd quarter worth $37,000. Kentucky Trust Co acquired a new position in Invesco Preferred ETF in the 4th quarter worth $36,000. Finally, Roxbury Financial LLC acquired a new position in Invesco Preferred ETF in the 4th quarter worth $42,000.

Invesco Preferred ETF Stock Performance

Shares of PGX stock opened at $11.60 on Monday. Invesco Preferred ETF has a 12 month low of $11.23 and a 12 month high of $12.54. The company’s fifty day moving average price is $11.59 and its two-hundred day moving average price is $11.93.

Invesco Preferred ETF 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.