Stonebridge Advisors LLC Increases Stock Holdings in Invesco Preferred ETF $PGX

Stonebridge Advisors LLC raised its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 1,818.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 792,408 shares of the company’s stock after acquiring an additional 751,113 shares during the quarter. Invesco Preferred ETF makes up about 4.9% of Stonebridge Advisors LLC’s portfolio, making the stock its 4th biggest position. Stonebridge Advisors LLC owned approximately 0.23% of Invesco Preferred ETF worth $8,907,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Spectrum Asset Management Inc. boosted its holdings in shares of Invesco Preferred ETF by 47.9% in the 4th quarter. Spectrum Asset Management Inc. now owns 5,372,426 shares of the company’s stock valued at $60,386,000 after buying an additional 1,739,156 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Invesco Preferred ETF by 2.1% in the 3rd quarter. Bank of America Corp DE now owns 65,973,646 shares of the company’s stock valued at $765,294,000 after buying an additional 1,333,558 shares in the last quarter. UBS Group AG boosted its holdings in shares of Invesco Preferred ETF by 32.2% in the 4th quarter. UBS Group AG now owns 5,345,570 shares of the company’s stock valued at $60,084,000 after buying an additional 1,300,981 shares in the last quarter. Trinity Legacy Partners LLC boosted its holdings in shares of Invesco Preferred ETF by 3,866.1% in the 4th quarter. Trinity Legacy Partners LLC now owns 717,856 shares of the company’s stock valued at $8,069,000 after buying an additional 699,756 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Invesco Preferred ETF by 57.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,874,427 shares of the company’s stock valued at $21,031,000 after buying an additional 683,754 shares in the last quarter. Institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Performance

NYSEARCA:PGX opened at $11.01 on Tuesday. Invesco Preferred ETF has a fifty-two week low of $10.82 and a fifty-two week high of $11.92. The company’s 50-day simple moving average is $11.12 and its 200-day simple moving average is $11.27.

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.