Sax Wealth Advisors LLC lifted its stake in Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 9.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,565 shares of the company’s stock after acquiring an additional 1,510 shares during the period. Sax Wealth Advisors LLC’s holdings in Invesco Preferred ETF were worth $203,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Cohen & Steers Inc. grew its holdings in Invesco Preferred ETF by 1,074,842.8% in the 4th quarter. Cohen & Steers Inc. now owns 6,707,643 shares of the company’s stock valued at $76,937,000 after buying an additional 6,707,019 shares during the last quarter. Spectrum Asset Management Inc. increased its position in Invesco Preferred ETF by 30.2% during the fourth quarter. Spectrum Asset Management Inc. now owns 3,694,150 shares of the company’s stock worth $42,376,000 after acquiring an additional 857,423 shares during the period. Allworth Financial LP raised its stake in Invesco Preferred ETF by 7.0% during the 1st quarter. Allworth Financial LP now owns 3,380,662 shares of the company’s stock valued at $40,162,000 after purchasing an additional 219,855 shares during the last quarter. Osaic Holdings Inc. raised its stake in Invesco Preferred ETF by 10.4% during the 1st quarter. Osaic Holdings Inc. now owns 2,027,101 shares of the company’s stock valued at $24,083,000 after purchasing an additional 191,636 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Invesco Preferred ETF by 53.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,318,029 shares of the company’s stock valued at $15,658,000 after purchasing an additional 461,692 shares during the period.
Invesco Preferred ETF Stock Performance
NYSEARCA:PGX opened at $11.71 on Friday. The firm’s 50-day moving average is $11.65 and its 200-day moving average is $11.68. Invesco Preferred ETF has a 52-week low of $10.14 and a 52-week high of $12.06.
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.
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