Invesco Preferred ETF $PGX Shares Purchased by Tudor Financial Inc.

Tudor Financial Inc. increased its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 31,013.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 138,765 shares of the company’s stock after buying an additional 138,319 shares during the quarter. Tudor Financial Inc.’s holdings in Invesco Preferred ETF were worth $1,504,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in shares of Invesco Preferred ETF by 3.4% in the first quarter. Bank of America Corp DE now owns 81,133,531 shares of the company’s stock valued at $882,733,000 after acquiring an additional 2,684,132 shares during the period. Cohen & Steers Inc. increased its holdings in shares of 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 purchased a new stake in Invesco Preferred ETF in the 4th quarter valued at $22,103,000. New England Private Wealth Advisors LLC raised its position 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 valued at $13,817,000 after purchasing an additional 1,169,495 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Invesco Preferred ETF by 19.6% during the 4th quarter. JPMorgan Chase & Co. now owns 5,308,493 shares of the company’s stock worth $59,667,000 after purchasing an additional 871,430 shares during the period. Institutional investors and hedge funds own 8.60% of the company’s stock.

Invesco Preferred ETF Price Performance

NYSEARCA PGX opened at $10.52 on Friday. The business’s 50-day moving average price is $10.73 and its 200 day moving average price is $10.98. Invesco Preferred ETF has a 52-week low of $10.50 and a 52-week high of $11.92.

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.