Christensen King & Associates Investment Services Inc. Acquires 3,058 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Christensen King & Associates Investment Services Inc. lifted its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 7.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 44,505 shares of the company’s stock after buying an additional 3,058 shares during the period. Christensen King & Associates Investment Services Inc.’s holdings in Invesco Preferred ETF were worth $512,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PGX. Wilmington Savings Fund Society FSB acquired a new stake in Invesco Preferred ETF during the third quarter worth approximately $31,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Invesco Preferred ETF during the second quarter worth $35,000. Eastern Bank bought a new stake in Invesco Preferred ETF during the 3rd quarter worth $37,000. Ellis Investment Partners LLC bought a new position in Invesco Preferred ETF in the third quarter valued at about $124,000. Finally, Orrstown Financial Services Inc. bought a new stake in shares of Invesco Preferred ETF during the third quarter worth about $124,000.

Invesco Preferred ETF Price Performance

PGX opened at $11.29 on Tuesday. The company’s 50 day moving average price is $11.80 and its two-hundred day moving average price is $11.95. Invesco Preferred ETF has a fifty-two week low of $11.23 and a fifty-two week high of $12.54.

Invesco Preferred ETF 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.