SG Americas Securities LLC Makes New $2.03 Million Investment in Invesco Preferred ETF $PGX

SG Americas Securities LLC purchased a new stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 182,300 shares of the company’s stock, valued at approximately $2,029,000. SG Americas Securities LLC owned approximately 0.05% of Invesco Preferred ETF at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Clearstead Trust LLC purchased a new stake in Invesco Preferred ETF during the 2nd quarter valued at about $32,000. Abound Wealth Management purchased a new stake in shares of Invesco Preferred ETF during the second quarter valued at approximately $33,000. Motco bought a new stake in shares of Invesco Preferred ETF during the second quarter valued at approximately $39,000. SVB Wealth LLC purchased a new position in Invesco Preferred ETF in the 1st quarter worth approximately $43,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in Invesco Preferred ETF by 94.4% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Price Performance

Invesco Preferred ETF stock opened at $11.26 on Thursday. Invesco Preferred ETF has a 12 month low of $10.70 and a 12 month high of $12.07. The stock has a fifty day simple moving average of $11.59 and a two-hundred day simple moving average of $11.35.

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.