Boothe Investment Group Inc. Has $980,000 Stake in Invesco Preferred ETF (NYSEARCA:PGX)
Boothe Investment Group Inc. increased its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 30.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,335 shares of the company’s stock after purchasing an additional 15,243 shares during the quarter. Invesco Preferred ETF comprises about 0.6% of Boothe Investment Group Inc.’s portfolio, making the stock its 27th biggest position. Boothe Investment Group Inc.’s holdings in Invesco Preferred ETF were worth $980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. HM Payson & Co. increased its position in Invesco Preferred ETF by 121.5% in the third quarter. HM Payson & Co. now owns 1,794 shares of the company’s stock worth $26,000 after purchasing an additional 984 shares during the period. FMR LLC boosted its stake in shares of Invesco Preferred ETF by 517.1% in the 1st quarter. FMR LLC now owns 2,018 shares of the company’s stock valued at $29,000 after purchasing an additional 1,691 shares during the last quarter. Sterling Financial Planning Inc. acquired a new stake in shares of Invesco Preferred ETF during the 4th quarter worth approximately $34,000. SOA Wealth Advisors LLC. acquired a new stake in shares of Invesco Preferred ETF during the 4th quarter worth approximately $37,000. Finally, Salem Investment Counselors Inc. bought a new stake in shares of Invesco Preferred ETF during the fourth quarter worth approximately $40,000.
PGX stock traded down $0.01 during midday trading on Thursday, reaching $15.12. The company’s stock had a trading volume of 19,091 shares, compared to its average volume of 4,488,005. The business’s 50-day simple moving average is $14.83 and its 200-day simple moving average is $14.94. Invesco Preferred ETF has a 52 week low of $13.19 and a 52 week high of $15.28.
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.
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