Avantax Planning Partners Inc. Boosts Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Avantax Planning Partners Inc. grew its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 260,598 shares of the company’s stock after purchasing an additional 3,543 shares during the period. Avantax Planning Partners Inc. owned approximately 0.07% of Invesco Preferred ETF worth $3,005,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Wealthcare Advisory Partners LLC raised its holdings in Invesco Preferred ETF by 8.4% during the 4th 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 during the period. Jane Street Group LLC boosted its stake 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 worth $931,000 after purchasing an additional 34,804 shares during the period. Park Avenue Securities LLC grew its holdings in 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 buying an additional 2,272 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Invesco Preferred ETF by 71.6% during the third quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock valued at $22,097,000 after buying an additional 746,783 shares during the period. Finally, Principal Financial Group Inc. lifted 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 buying an additional 81,764 shares in the last quarter.

Invesco Preferred ETF Stock Down 0.8 %

Shares of NYSEARCA:PGX opened at $11.43 on Tuesday. The company has a 50 day moving average of $11.60 and a 200 day moving average of $11.92. Invesco Preferred ETF has a 12 month low of $11.23 and a 12 month 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.