Noesis Capital Mangement Corp Purchases 363,141 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Noesis Capital Mangement Corp grew its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 519.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 433,070 shares of the company’s stock after buying an additional 363,141 shares during the quarter. Noesis Capital Mangement Corp owned 0.11% of Invesco Preferred ETF worth $4,967,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Modera Wealth Management LLC grew its position in Invesco Preferred ETF by 4.2% in the 3rd quarter. Modera Wealth Management LLC now owns 21,802 shares of the company’s stock valued at $239,000 after acquiring an additional 877 shares during the last quarter. DHK Financial Advisors Inc. lifted its holdings in Invesco Preferred ETF by 1.8% during the 4th quarter. DHK Financial Advisors Inc. now owns 52,189 shares of the company’s stock valued at $599,000 after buying an additional 922 shares in the last quarter. Capital Investment Advisory Services LLC increased its position in shares of Invesco Preferred ETF by 13.4% during the fourth quarter. Capital Investment Advisory Services LLC now owns 8,467 shares of the company’s stock worth $97,000 after acquiring an additional 1,003 shares during the period. Brighton Jones LLC increased its position in shares of Invesco Preferred ETF by 2.0% during the fourth quarter. Brighton Jones LLC now owns 54,139 shares of the company’s stock worth $621,000 after acquiring an additional 1,077 shares during the period. Finally, Ausdal Financial Partners Inc. raised its stake in shares of Invesco Preferred ETF by 5.4% during the fourth quarter. Ausdal Financial Partners Inc. now owns 27,107 shares of the company’s stock valued at $311,000 after acquiring an additional 1,396 shares in the last quarter.

Invesco Preferred ETF Stock Up 1.1 %

NYSEARCA:PGX traded up $0.13 during midday trading on Friday, hitting $11.61. The stock had a trading volume of 2,823,657 shares, compared to its average volume of 3,829,046. The stock has a 50-day moving average of $11.74 and a 200 day moving average of $11.45. Invesco Preferred ETF has a one year low of $10.14 and a one year high of $12.06.

About Invesco Preferred ETF

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.