Pinnacle Financial Partners Inc Buys New Shares in Invesco Preferred ETF (NYSEARCA:PGX)

Pinnacle Financial Partners Inc bought a new stake in Invesco Preferred ETF (NYSEARCA:PGX) during the 3rd quarter, HoldingsChannel reports. The firm bought 15,000 shares of the company’s stock, valued at approximately $185,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of Invesco Preferred ETF during the second quarter valued at about $35,000. Eastern Bank acquired a new position in shares of Invesco Preferred ETF during the third quarter valued at about $37,000. Consultiva Wealth Management CORP. acquired a new position in shares of Invesco Preferred ETF during the first quarter valued at about $96,000. Ellis Investment Partners LLC acquired a new position in shares of Invesco Preferred ETF during the third quarter valued at about $124,000. Finally, Orrstown Financial Services Inc. acquired a new position in shares of Invesco Preferred ETF during the third quarter valued at about $124,000.

Invesco Preferred ETF Trading Up 0.0 %

Shares of NYSEARCA PGX opened at $12.02 on Friday. The firm’s 50-day moving average price is $12.29 and its 200-day moving average price is $11.89. Invesco Preferred ETF has a 1-year low of $10.84 and a 1-year high of $12.54.

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.