Wealthfront Advisers LLC Makes New $2.86 Million Investment in Invesco Preferred ETF (NYSEARCA:PGX)

Wealthfront Advisers LLC purchased a new stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 248,379 shares of the company’s stock, valued at approximately $2,864,000. Wealthfront Advisers LLC owned 0.07% of Invesco Preferred ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Wealthcare Advisory Partners LLC grew its stake in Invesco Preferred ETF by 8.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 33,422 shares of the company’s stock valued at $385,000 after acquiring an additional 2,576 shares in the last quarter. Jane Street Group LLC boosted its holdings in Invesco Preferred ETF by 85.7% in the 3rd quarter. Jane Street Group LLC now owns 75,421 shares of the company’s stock valued at $931,000 after purchasing an additional 34,804 shares during the period. Park Avenue Securities LLC grew its position in shares of Invesco Preferred ETF by 6.2% during the 4th quarter. Park Avenue Securities LLC now owns 38,714 shares of the company’s stock valued at $446,000 after purchasing an additional 2,272 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Invesco Preferred ETF by 71.6% in the third quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock worth $22,097,000 after purchasing an additional 746,783 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Invesco Preferred ETF by 632.8% in the third quarter. Principal Financial Group Inc. now owns 94,686 shares of the company’s stock worth $1,169,000 after purchasing an additional 81,764 shares during the period.

Invesco Preferred ETF Price Performance

NYSEARCA:PGX opened at $11.48 on Friday. Invesco Preferred ETF has a 52-week low of $11.23 and a 52-week high of $12.54. The stock has a fifty day moving average of $11.59 and a 200 day moving average of $11.91.

Invesco Preferred ETF Company 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.