Stephens Inc. AR lessened its holdings in Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 241,613 shares of the company’s stock after selling 12,495 shares during the period. Stephens Inc. AR owned about 0.06% of Invesco Preferred ETF worth $2,786,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new stake in Invesco Preferred ETF in the third quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Invesco Preferred ETF by 299.0% during the 4th 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. Eastern Bank purchased a new stake in Invesco Preferred ETF during the 3rd quarter worth $37,000. Ellis Investment Partners LLC acquired a new position in Invesco Preferred ETF in the 3rd quarter worth $124,000. Finally, Orrstown Financial Services Inc. purchased a new position in Invesco Preferred ETF in the 3rd quarter valued at about $124,000.
Invesco Preferred ETF Stock Performance
Shares of Invesco Preferred ETF stock opened at $11.60 on Wednesday. Invesco Preferred ETF has a 1-year low of $11.23 and a 1-year high of $12.54. The business has a 50-day moving average of $11.64 and a 200-day moving average 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.
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