Invesco Preferred ETF (NYSEARCA:PGX) Hits New 52-Week High at $12.43

Invesco Preferred ETF (NYSEARCA:PGX)’s share price reached a new 52-week high on Monday . The company traded as high as $12.43 and last traded at $12.43, with a volume of 436 shares trading hands. The stock had previously closed at $12.34.

Invesco Preferred ETF Stock Up 0.7 %

The company’s 50 day moving average is $11.85 and its 200 day moving average is $11.72.

Institutional Trading of Invesco Preferred ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Invesco Preferred ETF during the second quarter worth $35,000. Central Pacific Bank Trust Division purchased a new stake in shares of Invesco Preferred ETF during the 1st quarter valued at $46,000. Private Ocean LLC acquired a new stake in shares of Invesco Preferred ETF during the 1st quarter worth $94,000. Consultiva Wealth Management CORP. purchased a new position in shares of Invesco Preferred ETF in the 1st quarter worth $96,000. Finally, Holderness Investments Co. acquired a new position in Invesco Preferred ETF in the fourth quarter valued at $115,000.

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.