Commonwealth Equity Services LLC Boosts Stake in Invesco Preferred ETF (NYSEARCA:PGX)

Commonwealth Equity Services LLC increased its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 11.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,448,097 shares of the company’s stock after buying an additional 148,346 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Invesco Preferred ETF were worth $16,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in Invesco Preferred ETF by 632.8% in the 3rd 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 during the period. J. W. Coons Advisors LLC increased its stake in shares of Invesco Preferred ETF by 6.4% in the third quarter. J. W. Coons Advisors LLC now owns 28,110 shares of the company’s stock worth $347,000 after acquiring an additional 1,700 shares during the period. Investors Research Corp raised its holdings in shares of Invesco Preferred ETF by 8.7% during the third quarter. Investors Research Corp now owns 363,580 shares of the company’s stock worth $4,490,000 after purchasing an additional 29,175 shares during the last quarter. Flagstar Advisors Inc. acquired a new position in Invesco Preferred ETF during the third quarter valued at $625,000. Finally, Townsquare Capital LLC purchased a new stake in Invesco Preferred ETF in the third quarter valued at $275,000.

Invesco Preferred ETF Stock Performance

NYSEARCA:PGX opened at $11.59 on Tuesday. Invesco Preferred ETF has a 52 week low of $11.23 and a 52 week high of $12.54. The stock’s 50-day moving average price is $11.59 and its 200-day moving average price is $11.90.

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.