Bank of America Corp DE Grows Stock Holdings in Invesco Preferred ETF $PGX

Bank of America Corp DE grew its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 3.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,133,531 shares of the company’s stock after acquiring an additional 2,684,132 shares during the period. Bank of America Corp DE owned about 23.04% of Invesco Preferred ETF worth $882,733,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PGX. Brighton Jones LLC purchased a new stake in Invesco Preferred ETF in the 4th quarter worth approximately $626,000. Goldman Sachs Group Inc. increased its stake in shares of Invesco Preferred ETF by 57.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,874,427 shares of the company’s stock valued at $21,031,000 after buying an additional 683,754 shares during the period. Jane Street Group LLC increased its stake in shares of Invesco Preferred ETF by 181.6% during the first quarter. Jane Street Group LLC now owns 420,120 shares of the company’s stock valued at $4,714,000 after buying an additional 270,939 shares during the period. Invesco Ltd. raised its holdings in shares of Invesco Preferred ETF by 1.5% during the second quarter. Invesco Ltd. now owns 112,606 shares of the company’s stock valued at $1,253,000 after acquiring an additional 1,693 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in shares of Invesco Preferred ETF during the second quarter valued at approximately $679,000. 8.60% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Preferred ETF Stock Down 0.1%

Shares of PGX stock opened at $10.73 on Friday. The stock has a fifty day moving average of $10.88 and a 200 day moving average of $11.10. Invesco Preferred ETF has a 52 week low of $10.68 and a 52 week 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.