Compass Financial Group Inc. Ohio Invests $3.77 Million in Invesco Preferred ETF $PGX

Compass Financial Group Inc. Ohio bought a new position in Invesco Preferred ETF (NYSEARCA:PGX) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 335,068 shares of the company’s stock, valued at approximately $3,766,000. Invesco Preferred ETF accounts for approximately 2.8% of Compass Financial Group Inc. Ohio’s holdings, making the stock its 13th biggest holding.

A number of other large investors have also made changes to their positions in the company. Cohen & Steers Inc. boosted its holdings 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 worth $24,255,000 after buying an additional 2,049,049 shares during the period. First Trust Advisors LP purchased a new stake in shares of Invesco Preferred ETF in the fourth quarter worth about $22,103,000. Spectrum Asset Management Inc. increased its stake in Invesco Preferred ETF by 47.9% during the fourth quarter. Spectrum Asset Management Inc. now owns 5,372,426 shares of the company’s stock worth $60,386,000 after acquiring an additional 1,739,156 shares during the last quarter. Bank of America Corp DE grew its holdings in Invesco Preferred ETF by 2.1% during 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 purchasing an additional 1,333,558 shares during the last quarter. Finally, UBS Group AG increased its stake 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 worth $60,084,000 after buying an additional 1,300,981 shares during the period. 8.60% of the stock is currently owned by institutional investors.

Invesco Preferred ETF Price Performance

NYSEARCA:PGX opened at $10.99 on Friday. Invesco Preferred ETF has a 1-year low of $10.84 and a 1-year high of $11.92. The company has a 50-day moving average of $11.06 and a 200 day moving average of $11.20.

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.