Wolverine Trading LLC Buys 218,132 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Wolverine Trading LLC raised its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 513.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 260,602 shares of the company’s stock after purchasing an additional 218,132 shares during the period. Wolverine Trading LLC owned approximately 0.07% of Invesco Preferred ETF worth $3,242,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisory Alpha LLC lifted its position in Invesco Preferred ETF by 0.6% in the second quarter. Advisory Alpha LLC now owns 152,206 shares of the company’s stock worth $1,758,000 after purchasing an additional 914 shares during the period. NBC Securities Inc. lifted its holdings in shares of Invesco Preferred ETF by 2.8% during the 3rd quarter. NBC Securities Inc. now owns 34,376 shares of the company’s stock worth $424,000 after acquiring an additional 950 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Invesco Preferred ETF by 1.1% during the 3rd quarter. Captrust Financial Advisors now owns 87,953 shares of the company’s stock worth $1,086,000 after acquiring an additional 991 shares during the period. Oxbow Advisors LLC boosted its position in shares of Invesco Preferred ETF by 5.6% during the 2nd quarter. Oxbow Advisors LLC now owns 22,494 shares of the company’s stock valued at $260,000 after acquiring an additional 1,199 shares in the last quarter. Finally, Argus Investors Counsel Inc. increased its stake in Invesco Preferred ETF by 3.1% in the second quarter. Argus Investors Counsel Inc. now owns 41,526 shares of the company’s stock valued at $480,000 after acquiring an additional 1,237 shares during the period.

Invesco Preferred ETF Stock Performance

Shares of PGX opened at $11.91 on Monday. The company has a 50-day moving average price of $12.15 and a two-hundred day moving average price of $11.94. Invesco Preferred ETF has a 12 month low of $11.11 and a 12 month high of $12.54.

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.