Invesco Preferred ETF $PGX Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 71.7% during the first quarter, HoldingsChannel.com reports. The fund owned 304,303 shares of the company’s stock after purchasing an additional 127,044 shares during the quarter. Kestra Advisory Services LLC’s holdings in Invesco Preferred ETF were worth $3,311,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Trinity Legacy Partners LLC grew its stake in Invesco Preferred ETF by 3,866.1% during the 4th quarter. Trinity Legacy Partners LLC now owns 717,856 shares of the company’s stock valued at $8,069,000 after purchasing an additional 699,756 shares in the last quarter. Cane Capital Partners LLC bought a new stake in Invesco Preferred ETF during the fourth quarter valued at $963,000. New England Private Wealth Advisors LLC grew its position in shares of Invesco Preferred ETF by 2,024.5% during the 4th quarter. New England Private Wealth Advisors LLC now owns 1,227,261 shares of the company’s stock valued at $13,817,000 after buying an additional 1,169,495 shares during the last quarter. Cohen & Steers Inc. grew its holdings in shares of Invesco Preferred ETF by 1,881.8% during the fourth quarter. Cohen & Steers Inc. now owns 2,157,935 shares of the company’s stock valued at $24,255,000 after purchasing an additional 2,049,049 shares during the last quarter. Finally, Transatlantique Private Wealth LLC grew its stake in Invesco Preferred ETF by 23.5% during the 4th quarter. Transatlantique Private Wealth LLC now owns 270,002 shares of the company’s stock worth $3,035,000 after buying an additional 51,310 shares during the last quarter. 8.60% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Preferred ETF Stock Performance

NYSEARCA PGX opened at $10.86 on Friday. Invesco Preferred ETF has a 52 week low of $10.76 and a 52 week high of $11.92. The company has a 50-day moving average price of $10.94 and a two-hundred day moving average price of $11.14.

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. 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.