Invesco Preferred ETF (NYSEARCA:PGX) Shares Acquired by Cherry Tree Wealth Management LLC

Cherry Tree Wealth Management LLC increased its position in Invesco Preferred ETF (NYSEARCA:PGX) by 9.1% in the fourth quarter, Holdings Channel reports. The firm owned 498,509 shares of the company’s stock after purchasing an additional 41,490 shares during the quarter. Invesco Preferred ETF accounts for 1.5% of Cherry Tree Wealth Management LLC’s holdings, making the stock its 22nd biggest holding. Cherry Tree Wealth Management LLC’s holdings in Invesco Preferred ETF were worth $5,718,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Modera Wealth Management LLC raised its stake in shares of Invesco Preferred ETF by 4.2% in the 3rd quarter. Modera Wealth Management LLC now owns 21,802 shares of the company’s stock worth $239,000 after buying an additional 877 shares in the last quarter. DHK Financial Advisors Inc. lifted its holdings in Invesco Preferred ETF by 1.8% in the 4th quarter. DHK Financial Advisors Inc. now owns 52,189 shares of the company’s stock valued at $599,000 after acquiring an additional 922 shares during the last quarter. Capital Investment Advisory Services LLC boosted its position in shares of Invesco Preferred ETF by 13.4% during the 4th quarter. Capital Investment Advisory Services LLC now owns 8,467 shares of the company’s stock valued at $97,000 after purchasing an additional 1,003 shares in the last quarter. Brighton Jones LLC grew its stake in shares of Invesco Preferred ETF by 2.0% in the 4th quarter. Brighton Jones LLC now owns 54,139 shares of the company’s stock worth $621,000 after purchasing an additional 1,077 shares during the last quarter. Finally, Ausdal Financial Partners Inc. lifted its stake in Invesco Preferred ETF by 5.4% during the fourth quarter. Ausdal Financial Partners Inc. now owns 27,107 shares of the company’s stock valued at $311,000 after purchasing an additional 1,396 shares during the last quarter.

Invesco Preferred ETF Price Performance

Shares of NYSEARCA PGX traded down $0.11 during trading on Wednesday, hitting $11.49. The company had a trading volume of 6,115,096 shares, compared to its average volume of 3,828,705. Invesco Preferred ETF has a 52 week low of $10.14 and a 52 week high of $12.06. The business’s 50-day moving average is $11.73 and its 200 day moving average is $11.48.

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.