Northwestern Mutual Wealth Management Co. Buys 539,097 Shares of Invesco Preferred ETF $PGX

Northwestern Mutual Wealth Management Co. raised its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 1,385.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 578,008 shares of the company’s stock after acquiring an additional 539,097 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.16% of Invesco Preferred ETF worth $6,497,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in Invesco Preferred ETF by 2.1% in the 3rd quarter. Bank of America Corp DE now owns 65,973,646 shares of the company’s stock valued at $765,294,000 after acquiring an additional 1,333,558 shares during the last quarter. Spectrum Asset Management Inc. increased its holdings in Invesco Preferred ETF by 47.9% in the 4th quarter. Spectrum Asset Management Inc. now owns 5,372,426 shares of the company’s stock valued at $60,386,000 after acquiring an additional 1,739,156 shares during the last quarter. UBS Group AG increased its holdings in Invesco Preferred ETF by 32.2% in the 4th quarter. UBS Group AG now owns 5,345,570 shares of the company’s stock valued at $60,084,000 after acquiring an additional 1,300,981 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Invesco Preferred ETF by 7.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,437,063 shares of the company’s stock valued at $51,470,000 after acquiring an additional 298,013 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in Invesco Preferred ETF by 4.7% in the 4th quarter. Allworth Financial LP now owns 3,194,448 shares of the company’s stock valued at $35,906,000 after acquiring an additional 144,402 shares during the last quarter. 8.60% of the stock is currently owned by institutional investors.

Invesco Preferred ETF Stock Performance

Shares of NYSEARCA PGX opened at $10.95 on Friday. The firm’s fifty day moving average is $11.09 and its two-hundred day moving average is $11.25. Invesco Preferred ETF has a 52-week low of $10.83 and a 52-week high of $11.92.

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. 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.