Principal Financial Group Inc. lifted its position in Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 657.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 717,581 shares of the company’s stock after purchasing an additional 622,895 shares during the period. Principal Financial Group Inc.’s holdings in Invesco Preferred ETF were worth $8,274,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Spectrum Asset Management Inc. increased its position in shares of Invesco Preferred ETF by 64.7% during the 4th quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock valued at $66,546,000 after purchasing an additional 2,266,498 shares during the last quarter. Roxbury Financial LLC purchased a new stake in shares of Invesco Preferred ETF in the 4th quarter worth about $42,000. Kentucky Trust Co bought a new stake in Invesco Preferred ETF during the 4th quarter valued at approximately $36,000. Wagner Wealth Management LLC grew its stake in Invesco Preferred ETF by 5.8% in the fourth quarter. Wagner Wealth Management LLC now owns 63,293 shares of the company’s stock worth $730,000 after purchasing an additional 3,476 shares during the period. Finally, Argus Investors Counsel Inc. grew its position in shares of Invesco Preferred ETF by 11.7% in the 4th quarter. Argus Investors Counsel Inc. now owns 42,089 shares of the company’s stock worth $485,000 after buying an additional 4,400 shares during the period.
Invesco Preferred ETF Stock Performance
Invesco Preferred ETF stock opened at $11.68 on Friday. Invesco Preferred ETF has a twelve month low of $11.23 and a twelve month high of $12.54. The stock’s 50 day moving average is $11.59 and its 200 day moving average is $11.93.
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.
See Also
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