FF Advisors LLC Raises Position in Invesco Preferred ETF (NYSEARCA:PGX)

FF Advisors LLC grew its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 11.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 25,207 shares of the company’s stock after acquiring an additional 2,667 shares during the period. FF Advisors LLC’s holdings in Invesco Preferred ETF were worth $296,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. StoneCrest Wealth Management Inc. increased its stake in shares of Invesco Preferred ETF by 5.4% in the 4th quarter. StoneCrest Wealth Management Inc. now owns 187,357 shares of the company’s stock worth $2,160,000 after acquiring an additional 9,612 shares in the last quarter. Advisors Management Group Inc. ADV grew its holdings in Invesco Preferred ETF by 3.8% in the fourth quarter. Advisors Management Group Inc. ADV now owns 1,288,642 shares of the company’s stock worth $14,858,000 after purchasing an additional 47,652 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Invesco Preferred ETF by 299.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock valued at $32,000 after purchasing an additional 2,093 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Invesco Preferred ETF by 6.2% during the fourth quarter. Park Avenue Securities LLC now owns 38,714 shares of the company’s stock valued at $446,000 after purchasing an additional 2,272 shares during the last quarter. Finally, Pines Wealth Management LLC purchased a new stake in shares of Invesco Preferred ETF in the 4th quarter worth approximately $344,000.

Invesco Preferred ETF Trading Down 0.1 %

Shares of NYSEARCA:PGX opened at $11.61 on Friday. The stock has a fifty day simple moving average of $11.76 and a two-hundred day simple moving average of $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.