Cohen & Steers Inc. Boosts Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Cohen & Steers Inc. boosted its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 1,074,842.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,707,643 shares of the company’s stock after acquiring an additional 6,707,019 shares during the quarter. Cohen & Steers Inc. owned about 1.63% of Invesco Preferred ETF worth $76,937,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PGX. Fortitude Family Office LLC bought a new stake in Invesco Preferred ETF in the fourth quarter worth about $32,000. Gradient Investments LLC lifted its stake in shares of Invesco Preferred ETF by 102.9% during the 4th quarter. Gradient Investments LLC now owns 2,755 shares of the company’s stock worth $32,000 after acquiring an additional 1,397 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new position in Invesco Preferred ETF during the 4th quarter valued at $34,000. Capital Analysts LLC grew its position in Invesco Preferred ETF by 91.4% in the 4th quarter. Capital Analysts LLC now owns 3,465 shares of the company’s stock valued at $40,000 after acquiring an additional 1,655 shares during the last quarter. Finally, Trifecta Capital Advisors LLC purchased a new stake in Invesco Preferred ETF in the fourth quarter worth $69,000.

Invesco Preferred ETF Price Performance

PGX stock traded up $0.08 during mid-day trading on Wednesday, reaching $11.59. The company had a trading volume of 3,376,208 shares, compared to its average volume of 3,595,007. The firm has a 50 day moving average of $11.53 and a 200 day moving average of $11.62. Invesco Preferred ETF has a 12 month low of $10.14 and a 12 month high of $12.06.

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.