StoneCrest Wealth Management Inc. Purchases 9,612 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

StoneCrest Wealth Management Inc. raised its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 5.4% during the fourth quarter, Holdings Channel reports. The fund owned 187,357 shares of the company’s stock after buying an additional 9,612 shares during the period. Invesco Preferred ETF comprises about 1.4% of StoneCrest Wealth Management Inc.’s investment portfolio, making the stock its 24th biggest position. StoneCrest Wealth Management Inc.’s holdings in Invesco Preferred ETF were worth $2,160,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in PGX. Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco Preferred ETF in the 3rd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Invesco Preferred ETF by 299.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock worth $32,000 after purchasing an additional 2,093 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Invesco Preferred ETF during the second quarter valued at about $35,000. Eastern Bank bought a new position in shares of Invesco Preferred ETF during the third quarter valued at about $37,000. Finally, Ellis Investment Partners LLC bought a new position in shares of Invesco Preferred ETF during the third quarter valued at about $124,000.

Invesco Preferred ETF Price Performance

NYSEARCA PGX opened at $11.61 on Friday. Invesco Preferred ETF has a 1-year low of $11.23 and a 1-year high of $12.54. The stock has a 50-day moving average of $11.76 and a 200-day moving average of $11.94.

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.