59,361 Shares of Invesco Preferred ETF $PGX Acquired by Brighton Jones LLC

Brighton Jones LLC acquired a new stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 59,361 shares of the company’s stock, valued at approximately $598,000.

Other large investors have also modified their holdings of the company. Bank of America Corp DE increased its stake in Invesco Preferred ETF by 3.4% during the first quarter. Bank of America Corp DE now owns 81,133,531 shares of the company’s stock worth $882,733,000 after acquiring an additional 2,684,132 shares during the last quarter. Allworth Financial LP grew its stake in Invesco Preferred ETF by 2.1% during the second quarter. Allworth Financial LP now owns 3,438,874 shares of the company’s stock worth $37,277,000 after buying an additional 71,096 shares during the period. Envestnet Asset Management Inc. grew its stake in Invesco Preferred ETF by 47.2% during the second quarter. Envestnet Asset Management Inc. now owns 976,257 shares of the company’s stock worth $10,583,000 after buying an additional 313,045 shares during the period. Prairiewood Capital LLC increased its position in shares of Invesco Preferred ETF by 10.7% in the third quarter. Prairiewood Capital LLC now owns 728,526 shares of the company’s stock worth $7,336,000 after acquiring an additional 70,580 shares in the last quarter. Finally, Investors Research Corp increased its position in shares of Invesco Preferred ETF by 5.3% in the second quarter. Investors Research Corp now owns 609,077 shares of the company’s stock worth $6,602,000 after acquiring an additional 30,800 shares in the last quarter. 8.60% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Preferred ETF Price Performance

Shares of PGX stock opened at $9.67 on Friday. The company’s fifty day simple moving average is $10.09 and its 200-day simple moving average is $10.78. Invesco Preferred ETF has a 52 week low of $9.65 and a 52 week high of $11.55.

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.