Toth Financial Advisory Corp raised its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 34.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179,043 shares of the company’s stock after buying an additional 46,096 shares during the quarter. Toth Financial Advisory Corp’s holdings in Invesco Preferred ETF were worth $2,596,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Executive Wealth Management LLC purchased a new stake in Invesco Preferred ETF in the 4th quarter valued at about $25,000. Truvestments Capital LLC purchased a new stake in Invesco Preferred ETF in the 1st quarter valued at about $30,000. Doyle Wealth Management purchased a new stake in Invesco Preferred ETF in the 4th quarter valued at about $31,000. Ruggie Capital Group purchased a new stake in Invesco Preferred ETF in the 4th quarter valued at about $36,000. Finally, Financial Architects Inc purchased a new stake in Invesco Preferred ETF in the 4th quarter valued at about $37,000.
PGX traded up $0.02 during midday trading on Monday, hitting $14.60. The company’s stock had a trading volume of 1,874,280 shares, compared to its average volume of 2,205,400. Invesco Preferred ETF has a 52-week low of $13.12 and a 52-week high of $14.79.
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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.
Further Reading: Trading based on a resistance level
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