IFP Advisors Inc Purchases 6,543 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

IFP Advisors Inc increased its position in Invesco Preferred ETF (NYSEARCA:PGX) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 231,643 shares of the company’s stock after purchasing an additional 6,543 shares during the quarter. IFP Advisors Inc owned approximately 0.06% of Invesco Preferred ETF worth $2,671,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PGX. Wilmington Savings Fund Society FSB bought a new position in Invesco Preferred ETF in the third quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Invesco Preferred ETF by 299.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock valued at $32,000 after acquiring an additional 2,093 shares during the period. Kentucky Trust Co bought a new position in shares of Invesco Preferred ETF during the fourth quarter valued at $36,000. Roxbury Financial LLC bought a new position in shares of Invesco Preferred ETF during the fourth quarter valued at $42,000. Finally, Orrstown Financial Services Inc. bought a new position in shares of Invesco Preferred ETF during the third quarter valued at $124,000.

Invesco Preferred ETF Price Performance

Shares of NYSEARCA PGX opened at $11.68 on Wednesday. The business has a fifty day moving average of $11.59 and a two-hundred day moving average of $11.93. Invesco Preferred ETF has a 52-week low of $11.23 and a 52-week high of $12.54.

Invesco Preferred ETF Company 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.