Pines Wealth Management LLC Has $368,000 Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Pines Wealth Management LLC boosted its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 11.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 33,706 shares of the company’s stock after buying an additional 3,386 shares during the period. Pines Wealth Management LLC’s holdings in Invesco Preferred ETF were worth $368,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PGX. Bernard Wealth Management Corp. acquired a new stake in shares of Invesco Preferred ETF during the fourth quarter worth $26,000. Kentucky Trust Co acquired a new stake in shares of Invesco Preferred ETF during the fourth quarter worth $36,000. Roxbury Financial LLC acquired a new stake in shares of Invesco Preferred ETF during the fourth quarter worth $42,000. Tower Research Capital LLC TRC raised its stake in shares of Invesco Preferred ETF by 52.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,940 shares of the company’s stock valued at $45,000 after purchasing an additional 1,360 shares during the period. Finally, Strategic Investment Solutions Inc. IL raised its stake in shares of Invesco Preferred ETF by 42.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 4,027 shares of the company’s stock valued at $46,000 after purchasing an additional 1,191 shares during the period.

Invesco Preferred ETF Price Performance

PGX opened at $11.02 on Friday. The business’s 50-day moving average price is $11.00 and its two-hundred day moving average price is $11.41. Invesco Preferred ETF has a 1 year low of $10.70 and a 1 year 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.