Harbor Investment Advisory LLC boosted its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 13.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,905 shares of the company’s stock after acquiring an additional 3,447 shares during the period. Harbor Investment Advisory LLC’s holdings in Invesco Preferred ETF were worth $434,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. bought a new position in shares of Invesco Preferred ETF in the fourth quarter worth about $53,659,000. Huntington National Bank increased its position in Invesco Preferred ETF by 23.5% in the 4th quarter. Huntington National Bank now owns 7,023,163 shares of the company’s stock worth $107,173,000 after buying an additional 1,335,990 shares during the period. LPL Financial LLC lifted its holdings in shares of Invesco Preferred ETF by 27.8% during the fourth quarter. LPL Financial LLC now owns 5,578,371 shares of the company’s stock worth $85,126,000 after buying an additional 1,214,617 shares during the last quarter. Morgan Stanley boosted its position in shares of Invesco Preferred ETF by 6.8% in the fourth quarter. Morgan Stanley now owns 12,440,378 shares of the company’s stock valued at $189,840,000 after acquiring an additional 788,973 shares during the period. Finally, Brinker Capital Investments LLC increased its position in Invesco Preferred ETF by 1,801.8% during the third quarter. Brinker Capital Investments LLC now owns 675,401 shares of the company’s stock worth $9,949,000 after acquiring an additional 639,888 shares during the period.
Shares of Invesco Preferred ETF stock opened at $15.05 on Wednesday. The firm has a fifty day moving average price of $14.95 and a two-hundred day moving average price of $14.96. Invesco Preferred ETF has a fifty-two week low of $13.64 and a fifty-two week high of $15.28.
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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