D.A. Davidson & CO. Makes New $731,000 Investment in Invesco Preferred ETF $PGX

D.A. Davidson & CO. acquired a new stake in Invesco Preferred ETF (NYSEARCA:PGX) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 72,634 shares of the company’s stock, valued at approximately $731,000.

Several other large investors also recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in shares of Invesco Preferred ETF by 3.4% in the 1st quarter. Bank of America Corp DE now owns 81,133,531 shares of the company’s stock worth $882,733,000 after acquiring an additional 2,684,132 shares during the last quarter. Noesis Capital Mangement Corp bought a new position in shares of Invesco Preferred ETF during the 3rd quarter worth $4,623,000. Stonebridge Advisors LLC lifted its holdings in Invesco Preferred ETF by 54.4% during the first quarter. Stonebridge Advisors LLC now owns 1,223,779 shares of the company’s stock valued at $13,315,000 after purchasing an additional 431,371 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Invesco Preferred ETF by 47.2% in the second quarter. Envestnet Asset Management Inc. now owns 976,257 shares of the company’s stock worth $10,583,000 after purchasing an additional 313,045 shares in the last quarter. Finally, Brighton Securities CORP. purchased a new stake in shares of Invesco Preferred ETF during the 3rd quarter valued at approximately $1,781,000. Institutional investors and hedge funds own 8.60% of the company’s stock.

Invesco Preferred ETF Trading Down 0.2%

Shares of Invesco Preferred ETF stock traded down $0.02 on Friday, reaching $9.93. The stock had a trading volume of 20,576,790 shares, compared to its average volume of 4,438,386. The business’s 50 day moving average is $10.16 and its two-hundred day moving average is $10.82. Invesco Preferred ETF has a 1 year low of $9.81 and a 1 year high of $11.55.

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.