Sequoia Financial Advisors LLC Has $998,000 Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Sequoia Financial Advisors LLC lifted its position in Invesco Preferred ETF (NYSEARCA:PGX) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,594 shares of the company’s stock after buying an additional 2,399 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Invesco Preferred ETF were worth $998,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PGX. Raymond James Financial Inc. bought a new position in Invesco Preferred ETF during the fourth quarter worth $29,537,000. Spectrum Asset Management Inc. increased its position in Invesco Preferred ETF by 64.7% during the fourth quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock worth $66,546,000 after acquiring an additional 2,266,498 shares during the period. JPMorgan Chase & Co. increased its position in Invesco Preferred ETF by 71.6% during the third quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock worth $22,097,000 after acquiring an additional 746,783 shares during the period. One Capital Management LLC increased its position in Invesco Preferred ETF by 818.6% during the fourth quarter. One Capital Management LLC now owns 780,407 shares of the company’s stock worth $8,998,000 after acquiring an additional 695,449 shares during the period. Finally, Principal Financial Group Inc. increased its position in Invesco Preferred ETF by 657.9% during the fourth quarter. Principal Financial Group Inc. now owns 717,581 shares of the company’s stock worth $8,274,000 after acquiring an additional 622,895 shares during the period.

Invesco Preferred ETF Stock Up 0.6 %

Shares of PGX stock opened at $11.55 on Monday. Invesco Preferred ETF has a 1 year low of $11.23 and a 1 year high of $12.54. The firm’s fifty day simple moving average is $11.59 and its 200 day simple moving average is $11.90.

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.