Invesco Preferred ETF $PGX Shares Bought by Allworth Financial LP

Allworth Financial LP boosted its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,438,874 shares of the company’s stock after purchasing an additional 71,096 shares during the quarter. Allworth Financial LP’s holdings in Invesco Preferred ETF were worth $37,277,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PGX. Bank of America Corp DE raised its stake in shares of Invesco Preferred ETF by 3.4% during the 1st quarter. Bank of America Corp DE now owns 81,133,531 shares of the company’s stock worth $882,733,000 after buying an additional 2,684,132 shares during the period. Cohen & Steers Inc. grew its stake in Invesco Preferred ETF by 1,881.8% in the 4th quarter. Cohen & Steers Inc. now owns 2,157,935 shares of the company’s stock valued at $24,255,000 after acquiring an additional 2,049,049 shares during the period. First Trust Advisors LP acquired a new stake in Invesco Preferred ETF in the 4th quarter valued at $22,103,000. New England Private Wealth Advisors LLC increased its holdings in Invesco Preferred ETF by 2,024.5% in the 4th quarter. New England Private Wealth Advisors LLC now owns 1,227,261 shares of the company’s stock worth $13,817,000 after acquiring an additional 1,169,495 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Invesco Preferred ETF by 19.6% in the 4th quarter. JPMorgan Chase & Co. now owns 5,308,493 shares of the company’s stock worth $59,667,000 after acquiring an additional 871,430 shares in the last quarter. 8.60% of the stock is owned by institutional investors and hedge funds.

Invesco Preferred ETF Stock Performance

NYSEARCA:PGX remained flat at $10.49 during trading hours on Tuesday. 4,007,386 shares of the company’s stock were exchanged, compared to its average volume of 3,269,690. Invesco Preferred ETF has a 52 week low of $10.48 and a 52 week high of $11.92. The stock has a fifty day moving average of $10.72 and a 200-day moving average of $10.96.

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.