Pines Wealth Management LLC Buys Shares of 30,320 Invesco Preferred ETF (NYSEARCA:PGX)

Pines Wealth Management LLC purchased a new stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the fourth quarter, Holdings Channel.com reports. The fund purchased 30,320 shares of the company’s stock, valued at approximately $344,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisory Alpha LLC grew its stake in Invesco Preferred ETF by 0.6% in the 2nd quarter. Advisory Alpha LLC now owns 152,206 shares of the company’s stock valued at $1,758,000 after buying an additional 914 shares in the last quarter. NBC Securities Inc. raised its stake in shares of Invesco Preferred ETF by 2.8% during the 3rd quarter. NBC Securities Inc. now owns 34,376 shares of the company’s stock valued at $424,000 after purchasing an additional 950 shares during the period. Captrust Financial Advisors raised its stake in shares of Invesco Preferred ETF by 1.1% during the 3rd quarter. Captrust Financial Advisors now owns 87,953 shares of the company’s stock valued at $1,086,000 after purchasing an additional 991 shares during the period. Wagner Wealth Management LLC boosted its stake in Invesco Preferred ETF by 2.1% in the 3rd quarter. Wagner Wealth Management LLC now owns 59,817 shares of the company’s stock worth $739,000 after purchasing an additional 1,239 shares during the period. Finally, Gladstone Institutional Advisory LLC grew its holdings in Invesco Preferred ETF by 5.5% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 27,089 shares of the company’s stock valued at $335,000 after buying an additional 1,422 shares in the last quarter.

Invesco Preferred ETF Price Performance

Shares of Invesco Preferred ETF stock opened at $11.62 on Thursday. The company’s 50-day moving average price is $11.77 and its 200-day moving average price is $11.94. Invesco Preferred ETF has a 12-month low of $11.23 and a 12-month high of $12.54.

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.