Baird Financial Group Inc. Buys 4,554 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Baird Financial Group Inc. increased its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 181,919 shares of the company’s stock after acquiring an additional 4,554 shares during the quarter. Baird Financial Group Inc.’s holdings in Invesco Preferred ETF were worth $2,098,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Baker Avenue Asset Management LP boosted its position in shares of Invesco Preferred ETF by 81.9% during the fourth quarter. Baker Avenue Asset Management LP now owns 412,585 shares of the company’s stock worth $4,757,000 after acquiring an additional 185,757 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Invesco Preferred ETF by 14.9% during the fourth quarter. Bank of America Corp DE now owns 63,414,625 shares of the company’s stock worth $731,171,000 after acquiring an additional 8,205,825 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Invesco Preferred ETF by 143.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 381,138 shares of the company’s stock worth $4,395,000 after acquiring an additional 224,766 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Invesco Preferred ETF by 97.8% during the fourth quarter. Jane Street Group LLC now owns 149,181 shares of the company’s stock worth $1,720,000 after acquiring an additional 73,760 shares during the last quarter. Finally, Comerica Bank boosted its position in shares of Invesco Preferred ETF by 50.3% during the fourth quarter. Comerica Bank now owns 240,307 shares of the company’s stock worth $2,771,000 after acquiring an additional 80,444 shares during the last quarter.

Invesco Preferred ETF Stock Performance

Shares of NYSEARCA:PGX opened at $11.06 on Monday. The firm has a fifty day moving average price of $11.19 and a 200 day moving average price of $11.56. Invesco Preferred ETF has a fifty-two week low of $10.70 and a fifty-two week 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.