Rockefeller Capital Management L.P. Boosts Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Rockefeller Capital Management L.P. lifted its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 520,306 shares of the company’s stock after acquiring an additional 18,133 shares during the period. Rockefeller Capital Management L.P. owned 0.14% of Invesco Preferred ETF worth $5,999,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Invesco Preferred ETF in the 4th quarter worth about $29,537,000. JPMorgan Chase & Co. increased its position in Invesco Preferred ETF by 131.9% during the 4th quarter. JPMorgan Chase & Co. now owns 4,148,592 shares of the company’s stock worth $47,833,000 after purchasing an additional 2,359,356 shares in the last quarter. Spectrum Asset Management Inc. raised its holdings in Invesco Preferred ETF by 64.7% in the fourth quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock valued at $66,546,000 after buying an additional 2,266,498 shares during the period. LPL Financial LLC lifted its position in Invesco Preferred ETF by 14.8% during the fourth quarter. LPL Financial LLC now owns 14,706,360 shares of the company’s stock valued at $169,564,000 after buying an additional 1,897,392 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Invesco Preferred ETF by 9.5% during the fourth quarter. Wells Fargo & Company MN now owns 16,086,648 shares of the company’s stock worth $185,479,000 after buying an additional 1,397,140 shares during the period.

Invesco Preferred ETF Price Performance

Invesco Preferred ETF stock opened at $10.94 on Friday. The firm has a fifty day moving average of $11.38 and a 200-day moving average of $11.72. Invesco Preferred ETF has a 52-week low of $10.70 and a 52-week high of $12.54.

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.