Ameriprise Financial Inc. trimmed its stake in Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,492,296 shares of the company’s stock after selling 184,606 shares during the quarter. Ameriprise Financial Inc.’s holdings in Invesco Preferred ETF were worth $63,286,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bernard Wealth Management Corp. purchased a new stake in shares of Invesco Preferred ETF during the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Invesco Preferred ETF during the third quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Invesco Preferred ETF by 299.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock worth $32,000 after acquiring an additional 2,093 shares during the last quarter. Kentucky Trust Co purchased a new position in shares of Invesco Preferred ETF in the 4th quarter worth about $36,000. Finally, Roxbury Financial LLC acquired a new position in shares of Invesco Preferred ETF in the 4th quarter valued at about $42,000.
Invesco Preferred ETF Price Performance
PGX opened at $11.06 on Friday. Invesco Preferred ETF has a 1 year low of $10.70 and a 1 year high of $12.54. The firm has a 50 day moving average price of $11.19 and a 200 day moving average price of $11.57.
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.
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