Slow Capital Inc. purchased a new stake in Invesco Preferred ETF (NYSEARCA:PGX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 60,498 shares of the company’s stock, valued at approximately $885,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PGX. Advisor Group Inc. lifted its position in shares of Invesco Preferred ETF by 70.2% during the 2nd quarter. Advisor Group Inc. now owns 1,201,915 shares of the company’s stock worth $17,585,000 after buying an additional 495,816 shares in the last quarter. Advisors Preferred LLC bought a new position in shares of Invesco Preferred ETF during the 1st quarter worth approximately $4,462,000. Appleton Group LLC bought a new position in shares of Invesco Preferred ETF during the 1st quarter worth approximately $4,863,000. Trinity Legacy Partners LLC lifted its position in shares of Invesco Preferred ETF by 14.9% during the 1st quarter. Trinity Legacy Partners LLC now owns 2,169,613 shares of the company’s stock worth $31,459,000 after buying an additional 281,342 shares in the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Invesco Preferred ETF during the 1st quarter worth approximately $3,301,000.

Shares of Invesco Preferred ETF stock traded up $0.07 during mid-day trading on Tuesday, hitting $14.93. 16,748 shares of the stock were exchanged, compared to its average volume of 2,039,971. Invesco Preferred ETF has a 12 month low of $13.12 and a 12 month high of $14.96. The firm’s 50-day moving average is $14.78.

Invesco Preferred ETF Company 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.

Further Reading: What is the CBOE Russell 2000® Volatility Index?

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Institutional Ownership by Quarter for Invesco Preferred ETF (NYSEARCA:PGX)

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