Raymond James Financial Inc. purchased a new stake in shares of Invesco Preferred ETF (NYSEARCA:PGX – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,561,750 shares of the company’s stock, valued at approximately $29,537,000. Raymond James Financial Inc. owned about 0.68% of Invesco Preferred ETF as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Invesco Preferred ETF in the third quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Invesco Preferred ETF by 299.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock worth $32,000 after acquiring an additional 2,093 shares during the last quarter. Kentucky Trust Co acquired a new stake in shares of Invesco Preferred ETF in the fourth quarter worth $36,000. Roxbury Financial LLC acquired a new stake in shares of Invesco Preferred ETF in the fourth quarter worth $42,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Invesco Preferred ETF in the third quarter worth $127,000.
Invesco Preferred ETF Stock Performance
Shares of Invesco Preferred ETF stock opened at $11.55 on Friday. The company’s fifty day simple moving average is $11.59 and its 200-day simple moving average is $11.91. Invesco Preferred ETF has a 1 year low of $11.23 and a 1 year 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.
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