Invesco Preferred ETF $PGX Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 9.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,368 shares of the company’s stock after acquiring an additional 5,263 shares during the period. Concurrent Investment Advisors LLC’s holdings in Invesco Preferred ETF were worth $672,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Coordinated Financial Services Inc. acquired a new stake in shares of Invesco Preferred ETF during the 2nd quarter worth about $130,000. IFP Advisors Inc raised its position in shares of Invesco Preferred ETF by 2.3% during the 2nd quarter. IFP Advisors Inc now owns 197,955 shares of the company’s stock worth $2,203,000 after acquiring an additional 4,517 shares in the last quarter. Plimoth Trust Co. LLC raised its position in shares of Invesco Preferred ETF by 6.1% during the 2nd quarter. Plimoth Trust Co. LLC now owns 453,260 shares of the company’s stock worth $5,045,000 after acquiring an additional 26,250 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in shares of Invesco Preferred ETF by 7.5% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 36,440 shares of the company’s stock worth $406,000 after acquiring an additional 2,545 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its position in shares of Invesco Preferred ETF by 4.5% during the 2nd quarter. Checchi Capital Advisers LLC now owns 1,457,054 shares of the company’s stock worth $16,217,000 after acquiring an additional 63,366 shares in the last quarter. Institutional investors and hedge funds own 8.60% of the company’s stock.

Invesco Preferred ETF Price Performance

Shares of NYSEARCA PGX opened at $11.55 on Friday. Invesco Preferred ETF has a fifty-two week low of $10.70 and a fifty-two week high of $12.50. The stock’s 50-day simple moving average is $11.61 and its 200-day simple moving average is $11.27.

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.