Invesco Preferred ETF (NYSEARCA:PGX – Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $10.49 and last traded at $10.4950, with a volume of 3708728 shares traded. The stock had previously closed at $10.49.
Invesco Preferred ETF Price Performance
The business’s 50-day moving average price is $10.72 and its 200 day moving average price is $10.96.
Institutional Trading of Invesco Preferred ETF
Institutional investors and hedge funds have recently bought and sold shares of the business. Triumph Capital Management acquired a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth about $29,000. First United Bank & Trust grew its stake in Invesco Preferred ETF by 32.1% in the 1st quarter. First United Bank & Trust now owns 4,343 shares of the company’s stock valued at $47,000 after buying an additional 1,055 shares during the last quarter. Bayban bought a new position in Invesco Preferred ETF in the 4th quarter valued at about $52,000. Global Assets Advisory LLC bought a new position in Invesco Preferred ETF in the 1st quarter valued at about $52,000. Finally, International Assets Investment Management LLC acquired a new stake in Invesco Preferred ETF during the fourth quarter worth approximately $55,000. Institutional investors own 8.60% of the company’s stock.
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.
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