Invesco Preferred ETF (NYSEARCA:PGX) Position Increased by Argus Investors Counsel Inc.

Argus Investors Counsel Inc. raised its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,089 shares of the company’s stock after buying an additional 4,400 shares during the period. Argus Investors Counsel Inc.’s holdings in Invesco Preferred ETF were worth $485,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. SkyOak Wealth LLC lifted its stake in Invesco Preferred ETF by 45.5% during the fourth quarter. SkyOak Wealth LLC now owns 28,778 shares of the company’s stock valued at $332,000 after buying an additional 9,000 shares in the last quarter. KG&L Capital Management LLC boosted its stake in Invesco Preferred ETF by 3.9% in the 4th quarter. KG&L Capital Management LLC now owns 202,843 shares of the company’s stock worth $2,339,000 after purchasing an additional 7,679 shares during the period. Dohj LLC boosted its stake in Invesco Preferred ETF by 48.7% in the 4th quarter. Dohj LLC now owns 52,707 shares of the company’s stock worth $608,000 after purchasing an additional 17,250 shares during the period. Fiduciary Advisors Inc. acquired a new stake in Invesco Preferred ETF during the 4th quarter valued at $1,567,000. Finally, Crews Bank & Trust acquired a new stake in Invesco Preferred ETF during the 4th quarter valued at $456,000.

Invesco Preferred ETF Stock Up 0.9 %

Shares of Invesco Preferred ETF stock opened at $11.65 on Thursday. Invesco Preferred ETF has a 12 month low of $11.23 and a 12 month high of $12.54. The business has a fifty day simple moving average of $11.67 and a 200-day simple moving average of $11.94.

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.