Brighton Securities CORP. Buys 176,812 Shares of Invesco Preferred ETF $PGX

Brighton Securities CORP. acquired a new position in shares of Invesco Preferred ETF (NYSEARCA:PGX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 176,812 shares of the company’s stock, valued at approximately $1,781,000. Invesco Preferred ETF accounts for approximately 0.7% of Brighton Securities CORP.’s portfolio, making the stock its 19th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in shares of Invesco Preferred ETF by 3.4% during the 1st quarter. Bank of America Corp DE now owns 81,133,531 shares of the company’s stock worth $882,733,000 after buying an additional 2,684,132 shares during the period. Cohen & Steers Inc. raised its stake in shares of Invesco Preferred ETF by 1,881.8% in 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 in the last quarter. Stonebridge Advisors LLC boosted its position in shares of Invesco Preferred ETF by 54.4% during the 1st quarter. Stonebridge Advisors LLC now owns 1,223,779 shares of the company’s stock valued at $13,315,000 after acquiring an additional 431,371 shares in the last quarter. Compass Financial Group Inc. Ohio acquired a new position in shares of Invesco Preferred ETF in the 4th quarter worth approximately $3,766,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Invesco Preferred ETF by 47.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 976,257 shares of the company’s stock worth $10,583,000 after purchasing an additional 313,045 shares during the last quarter. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Trading Up 0.6%

PGX traded up $0.06 during midday trading on Thursday, hitting $10.03. The company had a trading volume of 5,986,027 shares, compared to its average volume of 3,755,731. Invesco Preferred ETF has a twelve month low of $9.95 and a twelve month high of $11.64. The firm’s 50-day simple moving average is $10.48 and its 200-day simple moving average is $10.80.

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. 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.