Cetera Advisor Networks LLC boosted its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 145.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 101,100 shares of the company’s stock after purchasing an additional 59,979 shares during the period. Cetera Advisor Networks LLC’s holdings in Invesco Preferred ETF were worth $1,524,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in PGX. HM Payson & Co. bought a new position in Invesco Preferred ETF during the 2nd quarter valued at about $26,000. FMR LLC lifted its stake in Invesco Preferred ETF by 517.1% during the 1st quarter. FMR LLC now owns 2,018 shares of the company’s stock valued at $29,000 after acquiring an additional 1,691 shares during the period. NewSquare Capital LLC lifted its stake in Invesco Preferred ETF by 193.3% during the 2nd quarter. NewSquare Capital LLC now owns 2,200 shares of the company’s stock valued at $32,000 after acquiring an additional 1,450 shares during the period. Tower Research Capital LLC TRC lifted its stake in Invesco Preferred ETF by 2,242.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,319 shares of the company’s stock valued at $34,000 after acquiring an additional 2,220 shares during the period. Finally, Parallax Volatility Advisers L.P. lifted its stake in Invesco Preferred ETF by 243,000.0% during the 2nd quarter. Parallax Volatility Advisers L.P. now owns 2,431 shares of the company’s stock valued at $36,000 after acquiring an additional 2,430 shares during the period.
PGX opened at $14.92 on Friday. The company’s 50-day simple moving average is $14.98 and its two-hundred day simple moving average is $14.82. Invesco Preferred ETF has a 52-week low of $13.12 and a 52-week high of $15.13.
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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Want to see what other hedge funds are holding PGX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Preferred ETF (NYSEARCA:PGX).
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