Boothe Investment Group Inc. Has $2.80 Million Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Boothe Investment Group Inc. increased its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 12.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 249,835 shares of the company’s stock after buying an additional 27,415 shares during the period. Invesco Preferred ETF accounts for approximately 1.3% of Boothe Investment Group Inc.’s holdings, making the stock its 24th biggest holding. Boothe Investment Group Inc. owned about 0.07% of Invesco Preferred ETF worth $2,803,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in Invesco Preferred ETF by 14.9% during the 4th quarter. Bank of America Corp DE now owns 63,414,625 shares of the company’s stock worth $731,171,000 after buying an additional 8,205,825 shares in the last quarter. Wells Fargo & Company MN lifted its position in Invesco Preferred ETF by 9.5% during the 4th 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 in the last quarter. LPL Financial LLC lifted its position in Invesco Preferred ETF by 14.8% during the 4th quarter. LPL Financial LLC now owns 14,706,360 shares of the company’s stock worth $169,564,000 after buying an additional 1,897,392 shares in the last quarter. First Trust Advisors LP acquired a new position in Invesco Preferred ETF during the 4th quarter worth about $110,748,000. Finally, Spectrum Asset Management Inc. lifted its position in Invesco Preferred ETF by 64.7% during the 4th quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock worth $66,546,000 after buying an additional 2,266,498 shares in the last quarter.

Invesco Preferred ETF Trading Down 0.4%

Shares of NYSEARCA PGX opened at $11.00 on Monday. Invesco Preferred ETF has a 12-month low of $10.70 and a 12-month high of $12.54. The firm’s 50-day simple moving average is $10.99 and its 200 day simple moving average is $11.38.

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.