Invesco Preferred ETF (NYSEARCA:PGX) Shares Bought by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC raised its position in Invesco Preferred ETF (NYSEARCA:PGX) by 9.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,660 shares of the company’s stock after purchasing an additional 5,360 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Invesco Preferred ETF were worth $699,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Greenup Street Wealth Management LLC lifted its position in Invesco Preferred ETF by 25.7% in the 4th quarter. Greenup Street Wealth Management LLC now owns 67,096 shares of the company’s stock worth $774,000 after buying an additional 13,728 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in Invesco Preferred ETF by 32.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 64,614 shares of the company’s stock valued at $745,000 after buying an additional 15,723 shares during the last quarter. Kingswood Wealth Advisors LLC grew its position in Invesco Preferred ETF by 30.1% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 28,235 shares of the company’s stock worth $326,000 after purchasing an additional 6,535 shares during the last quarter. PFG Investments LLC acquired a new stake in Invesco Preferred ETF in the 4th quarter worth $194,000. Finally, Flagship Harbor Advisors LLC grew its position in Invesco Preferred ETF by 7.9% in the 4th quarter. Flagship Harbor Advisors LLC now owns 93,164 shares of the company’s stock worth $1,074,000 after purchasing an additional 6,829 shares during the last quarter.

Invesco Preferred ETF Price Performance

Shares of PGX stock opened at $11.70 on Wednesday. Invesco Preferred ETF has a 12-month low of $11.23 and a 12-month high of $12.54. The firm has a 50-day moving average price of $11.70 and a 200 day moving average price of $11.94.

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.