Noesis Capital Mangement Corp Purchases New Position in Invesco Preferred ETF $PGX

Noesis Capital Mangement Corp acquired a new stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 459,127 shares of the company’s stock, valued at approximately $4,623,000. Noesis Capital Mangement Corp owned approximately 0.13% of Invesco Preferred ETF as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of PGX. Tompkins Financial Corp purchased a new position in shares of Invesco Preferred ETF in the 3rd quarter valued at $25,000. Bangor Savings Bank bought a new position in shares of Invesco Preferred ETF in the 3rd quarter worth $30,000. SRH Advisors LLC purchased a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth $35,000. Peoples Financial Services CORP. purchased a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth $40,000. Finally, Community Financial Services Group LLC purchased a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth $42,000. 8.60% of the stock is owned by hedge funds and other institutional investors.

Invesco Preferred ETF Stock Down 0.3%

Shares of PGX stock opened at $9.88 on Tuesday. Invesco Preferred ETF has a 1-year low of $9.85 and a 1-year high of $11.64. The stock’s 50-day moving average is $10.31 and its 200 day moving average is $10.89.

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.