Lido Advisors LLC grew its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 9.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 75,157 shares of the company’s stock after purchasing an additional 6,326 shares during the quarter. Lido Advisors LLC’s holdings in Invesco Preferred ETF were worth $1,012,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Doyle Wealth Management purchased a new position in Invesco Preferred ETF in the fourth quarter worth approximately $31,000. Ruggie Capital Group purchased a new position in Invesco Preferred ETF in the fourth quarter worth approximately $36,000. We Are One Seven LLC purchased a new position in Invesco Preferred ETF in the fourth quarter worth approximately $37,000. Financial Architects Inc purchased a new position in Invesco Preferred ETF in the fourth quarter worth approximately $37,000. Finally, Ropes Wealth Advisors LLC purchased a new position in Invesco Preferred ETF in the fourth quarter worth approximately $55,000.
Invesco Preferred ETF stock remained flat at $$14.54 during trading on Friday. 154,276 shares of the company were exchanged, compared to its average volume of 2,101,390. Invesco Preferred ETF has a one year low of $13.12 and a one year high of $14.79.
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Invesco Preferred ETF Company 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.
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