Harfst & Associates Inc. Invests $3.55 Million in Invesco Preferred ETF $PGX

Harfst & Associates Inc. acquired a new stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 306,267 shares of the company’s stock, valued at approximately $3,553,000. Invesco Preferred ETF accounts for 0.7% of Harfst & Associates Inc.’s investment portfolio, making the stock its 19th largest position.

A number of other large investors have also modified their holdings of PGX. Clearstead Trust LLC acquired a new stake in Invesco Preferred ETF during the second quarter worth $32,000. Abound Wealth Management bought a new position in shares of Invesco Preferred ETF during the 2nd quarter worth about $33,000. Motco acquired a new stake in shares of Invesco Preferred ETF during the 2nd quarter valued at about $39,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Invesco Preferred ETF during the 2nd quarter valued at about $44,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Invesco Preferred ETF by 94.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,430 shares of the company’s stock valued at $60,000 after acquiring an additional 2,637 shares during the period. 8.60% of the stock is currently owned by institutional investors and hedge funds.

Invesco Preferred ETF Stock Performance

Shares of PGX opened at $11.33 on Thursday. Invesco Preferred ETF has a 12 month low of $10.70 and a 12 month high of $11.92. The company has a 50-day moving average price of $11.31 and a two-hundred day moving average price of $11.41.

Invesco Preferred ETF 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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.