Invesco Preferred ETF $PGX Shares Acquired by New England Private Wealth Advisors LLC

New England Private Wealth Advisors LLC lifted its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 2,024.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,227,261 shares of the company’s stock after buying an additional 1,169,495 shares during the quarter. Invesco Preferred ETF accounts for 0.8% of New England Private Wealth Advisors LLC’s portfolio, making the stock its 29th biggest holding. New England Private Wealth Advisors LLC owned 0.35% of Invesco Preferred ETF worth $13,817,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PGX. Bank of America Corp DE boosted its position in Invesco Preferred ETF by 2.1% during the third quarter. Bank of America Corp DE now owns 65,973,646 shares of the company’s stock worth $765,294,000 after purchasing an additional 1,333,558 shares in the last quarter. Cary Street Partners Financial LLC boosted its position in Invesco Preferred ETF by 5.6% during the third quarter. Cary Street Partners Financial LLC now owns 1,092,414 shares of the company’s stock worth $12,672,000 after purchasing an additional 58,203 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in Invesco Preferred ETF by 6.4% during the third quarter. Checchi Capital Advisers LLC now owns 1,550,907 shares of the company’s stock worth $17,991,000 after purchasing an additional 93,853 shares in the last quarter. Allworth Financial LP boosted its position in Invesco Preferred ETF by 7.1% during the third quarter. Allworth Financial LP now owns 3,050,046 shares of the company’s stock worth $35,381,000 after purchasing an additional 201,458 shares in the last quarter. Finally, Cane Capital Partners LLC purchased a new stake in Invesco Preferred ETF during the fourth quarter worth $963,000. 8.60% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Preferred ETF Stock Performance

PGX opened at $10.95 on Friday. The business’s fifty day moving average is $11.09 and its two-hundred day moving average is $11.25. Invesco Preferred ETF has a one year low of $10.83 and a one year high of $11.92.

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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.