Purus Wealth Management LLC Invests $192,000 in Invesco Preferred ETF (NYSEARCA:PGX)

Purus Wealth Management LLC acquired a new stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,630 shares of the company’s stock, valued at approximately $192,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisory Alpha LLC lifted its holdings in Invesco Preferred ETF by 0.6% in the 2nd quarter. Advisory Alpha LLC now owns 152,206 shares of the company’s stock valued at $1,758,000 after purchasing an additional 914 shares in the last quarter. NBC Securities Inc. boosted its position in Invesco Preferred ETF by 2.8% during the third 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 last quarter. Captrust Financial Advisors boosted its position in Invesco Preferred ETF by 1.1% during the third 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 last quarter. Wagner Wealth Management LLC grew its stake in Invesco Preferred ETF by 2.1% in the 3rd quarter. Wagner Wealth Management LLC now owns 59,817 shares of the company’s stock worth $739,000 after acquiring an additional 1,239 shares during the period. Finally, Gladstone Institutional Advisory LLC raised its holdings in Invesco Preferred ETF by 5.5% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 27,089 shares of the company’s stock valued at $335,000 after acquiring an additional 1,422 shares during the last quarter.

Invesco Preferred ETF Stock Performance

PGX stock opened at $11.63 on Monday. Invesco Preferred ETF has a 52-week low of $11.23 and a 52-week high of $12.54. The stock’s fifty day simple moving average is $11.75 and its 200-day simple moving average is $11.95.

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.