Invesco Preferred ETF (NYSEARCA:PGX) Shares Purchased by Investors Research Corp

Investors Research Corp lifted its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 8.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395,862 shares of the company’s stock after purchasing an additional 32,282 shares during the quarter. Invesco Preferred ETF comprises about 1.0% of Investors Research Corp’s portfolio, making the stock its 19th biggest position. Investors Research Corp owned approximately 0.11% of Invesco Preferred ETF worth $4,564,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Spectrum Asset Management Inc. boosted its position in shares of Invesco Preferred ETF by 64.7% in the 4th quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock worth $66,546,000 after purchasing an additional 2,266,498 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Invesco Preferred ETF in the 4th quarter worth $29,537,000. JPMorgan Chase & Co. boosted its position in shares of Invesco Preferred ETF by 71.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock worth $22,097,000 after purchasing an additional 746,783 shares in the last quarter. Advisors Management Group Inc. ADV boosted its position in shares of Invesco Preferred ETF by 3.8% in the 4th quarter. Advisors Management Group Inc. ADV now owns 1,288,642 shares of the company’s stock worth $14,858,000 after purchasing an additional 47,652 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Invesco Preferred ETF by 6.8% in the 3rd quarter. Stifel Financial Corp now owns 951,769 shares of the company’s stock worth $11,754,000 after purchasing an additional 60,601 shares in the last quarter.

Invesco Preferred ETF Stock Down 0.3 %

Shares of PGX opened at $11.52 on Monday. The stock has a 50-day moving average of $11.60 and a two-hundred day moving average of $11.92. Invesco Preferred ETF has a one year low of $11.23 and a one year high of $12.54.

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.