Two Sigma Securities LLC Buys New Position in Invesco Preferred ETF (NYSEARCA:PGX)

Two Sigma Securities LLC purchased a new position in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,116 shares of the company’s stock, valued at approximately $255,000.

Several other hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings 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 during the period. Wealthcare Advisory Partners LLC increased its stake in shares of Invesco Preferred ETF by 8.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 33,422 shares of the company’s stock worth $385,000 after buying an additional 2,576 shares during the period. Jane Street Group LLC raised its holdings in Invesco Preferred ETF by 85.7% in the third quarter. Jane Street Group LLC now owns 75,421 shares of the company’s stock valued at $931,000 after acquiring an additional 34,804 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Invesco Preferred ETF by 6.2% in the fourth quarter. Park Avenue Securities LLC now owns 38,714 shares of the company’s stock worth $446,000 after acquiring an additional 2,272 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Invesco Preferred ETF by 632.8% during the 3rd quarter. Principal Financial Group Inc. now owns 94,686 shares of the company’s stock worth $1,169,000 after acquiring an additional 81,764 shares in the last quarter.

Invesco Preferred ETF Stock Performance

Shares of PGX opened at $11.10 on Wednesday. The firm’s fifty day simple moving average is $11.28 and its 200-day simple moving average is $11.64. Invesco Preferred ETF has a twelve month low of $10.70 and a twelve month high of $12.54.

Invesco Preferred ETF Company Profile

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.