One Capital Management LLC Boosts Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

One Capital Management LLC raised its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 818.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 780,407 shares of the company’s stock after purchasing an additional 695,449 shares during the quarter. One Capital Management LLC owned 0.21% of Invesco Preferred ETF worth $8,998,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PGX. Raymond James Financial Inc. purchased a new stake in Invesco Preferred ETF in the fourth quarter valued at $29,537,000. Spectrum Asset Management Inc. boosted its holdings in Invesco Preferred ETF by 64.7% in the fourth quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock valued at $66,546,000 after purchasing an additional 2,266,498 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Invesco Preferred ETF by 71.6% in the third quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock valued at $22,097,000 after purchasing an additional 746,783 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Invesco Preferred ETF by 657.9% during the 4th quarter. Principal Financial Group Inc. now owns 717,581 shares of the company’s stock worth $8,274,000 after acquiring an additional 622,895 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Invesco Preferred ETF by 18,430.0% during the 3rd quarter. Barclays PLC now owns 555,900 shares of the company’s stock worth $6,865,000 after acquiring an additional 552,900 shares in the last quarter.

Invesco Preferred ETF Price Performance

PGX stock opened at $11.61 on Thursday. The company’s 50-day simple moving average is $11.60 and its 200-day simple moving average is $11.93. Invesco Preferred ETF has a 52-week low of $11.23 and a 52-week high of $12.54.

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.