Brighton Jones LLC Invests $626,000 in Invesco Preferred ETF (NYSEARCA:PGX)

Brighton Jones LLC bought a new stake in Invesco Preferred ETF (NYSEARCA:PGX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 54,328 shares of the company’s stock, valued at approximately $626,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Invesco Preferred ETF in the 3rd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Invesco Preferred ETF by 299.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock valued at $32,000 after acquiring an additional 2,093 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in Invesco Preferred ETF during the second quarter worth about $35,000. Eastern Bank bought a new position in Invesco Preferred ETF during the third quarter worth about $37,000. Finally, Orrstown Financial Services Inc. acquired a new stake in Invesco Preferred ETF during the third quarter valued at approximately $124,000.

Invesco Preferred ETF Price Performance

Shares of PGX opened at $11.68 on Friday. Invesco Preferred ETF has a 1 year low of $11.23 and a 1 year high of $12.54. The stock has a 50 day simple moving average of $11.71 and a 200-day simple moving average of $11.94.

Invesco Preferred ETF 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.