Brighton Securities CORP. Makes New Investment in Invesco Preferred ETF $PGX

Brighton Securities CORP. bought a new position in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 176,812 shares of the company’s stock, valued at approximately $1,781,000. Invesco Preferred ETF makes up about 0.7% of Brighton Securities CORP.’s investment portfolio, making the stock its 19th largest holding.

A number of other institutional investors also recently bought and sold shares of the business. Allworth Financial LP boosted its position in Invesco Preferred ETF by 2.1% during the second quarter. Allworth Financial LP now owns 3,438,874 shares of the company’s stock worth $37,277,000 after purchasing an additional 71,096 shares in the last quarter. Stonebridge Advisors LLC lifted its stake in shares of Invesco Preferred ETF by 54.4% during the 1st quarter. Stonebridge Advisors LLC now owns 1,223,779 shares of the company’s stock worth $13,315,000 after purchasing an additional 431,371 shares during the period. Compass Financial Group Inc. Ohio purchased a new stake in Invesco Preferred ETF in the 4th quarter valued at about $3,766,000. Tudor Financial Inc. boosted its holdings in shares of Invesco Preferred ETF by 31,013.2% in the 2nd quarter. Tudor Financial Inc. now owns 138,765 shares of the company’s stock valued at $1,504,000 after purchasing an additional 138,319 shares during the last quarter. Finally, Hyposwiss Advisors SA purchased a new position in Invesco Preferred ETF in the fourth quarter valued at approximately $529,000. 8.60% of the stock is currently owned by institutional investors and hedge funds.

Invesco Preferred ETF Stock Performance

Invesco Preferred ETF stock traded up $0.06 during midday trading on Thursday, hitting $10.03. 5,986,027 shares of the stock were exchanged, compared to its average volume of 3,755,731. The company has a 50 day moving average price of $10.48 and a two-hundred day moving average price of $10.80. Invesco Preferred ETF has a 1 year low of $9.95 and a 1 year high of $11.64.

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. 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.