Invesco Preferred ETF $PGX Shares Bought by New England Private Wealth Advisors LLC

New England Private Wealth Advisors LLC raised its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 2,024.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,227,261 shares of the company’s stock after purchasing an additional 1,169,495 shares during the quarter. Invesco Preferred ETF comprises approximately 0.8% of New England Private Wealth Advisors LLC’s portfolio, making the stock its 29th biggest position. New England Private Wealth Advisors LLC’s holdings in Invesco Preferred ETF were worth $13,817,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Triumph Capital Management acquired a new position in shares of Invesco Preferred ETF in the third quarter worth $29,000. Ransom Advisory Ltd acquired a new position in shares of Invesco Preferred ETF in the fourth quarter worth $31,000. WealthShield Partners LLC raised its holdings in shares of Invesco Preferred ETF by 753.8% in the third quarter. WealthShield Partners LLC now owns 3,885 shares of the company’s stock worth $45,000 after acquiring an additional 3,430 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Invesco Preferred ETF in the fourth quarter worth $55,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Invesco Preferred ETF by 93.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,003 shares of the company’s stock worth $67,000 after acquiring an additional 2,903 shares during the last quarter. 8.60% of the stock is owned by institutional investors and hedge funds.

Invesco Preferred ETF Price Performance

NYSEARCA PGX opened at $10.95 on Friday. Invesco Preferred ETF has a fifty-two week low of $10.83 and a fifty-two week high of $11.92. The business has a fifty day moving average of $11.09 and a 200-day moving average of $11.25.

Invesco Preferred ETF 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.