OLD Mission Capital LLC bought a new position in Invesco Preferred ETF (NYSEARCA:PGX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 248,470 shares of the company’s stock, valued at approximately $3,807,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in PGX. Bessemer Group Inc. raised its holdings in Invesco Preferred ETF by 940,927.6% in the first quarter. Bessemer Group Inc. now owns 7,763,478 shares of the company’s stock valued at $116,452,000 after buying an additional 7,762,653 shares during the period. Bank of Montreal Can raised its stake in shares of Invesco Preferred ETF by 596.3% during the second quarter. Bank of Montreal Can now owns 4,615,258 shares of the company’s stock valued at $70,383,000 after purchasing an additional 3,952,437 shares during the period. Advisory Alpha LLC purchased a new stake in shares of Invesco Preferred ETF during the first quarter valued at approximately $25,928,000. Envestnet Asset Management Inc. raised its stake in shares of Invesco Preferred ETF by 48.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,897,373 shares of the company’s stock valued at $59,708,000 after purchasing an additional 1,276,804 shares during the period. Finally, Horizon Investments LLC purchased a new stake in shares of Invesco Preferred ETF during the first quarter valued at approximately $18,005,000.
PGX opened at $15.12 on Thursday. The firm’s 50 day moving average is $15.11 and its 200-day moving average is $15.13. Invesco Preferred ETF has a 52-week low of $14.46 and a 52-week high of $15.37.
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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