Prairiewood Capital LLC Has $6.45 Million Position in Invesco Preferred ETF (NYSEARCA:PGX)

Prairiewood Capital LLC grew its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 559,176 shares of the company’s stock after buying an additional 30,293 shares during the period. Invesco Preferred ETF makes up 2.8% of Prairiewood Capital LLC’s portfolio, making the stock its 10th biggest position. Prairiewood Capital LLC owned approximately 0.15% of Invesco Preferred ETF worth $6,447,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PGX. Wilmington Savings Fund Society FSB bought a new stake in shares of Invesco Preferred ETF in the 3rd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Invesco Preferred ETF by 299.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock valued at $32,000 after acquiring an additional 2,093 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of Invesco Preferred ETF in the second quarter worth about $35,000. Eastern Bank acquired a new stake in shares of Invesco Preferred ETF during the third quarter worth about $37,000. Finally, Orrstown Financial Services Inc. bought a new position in shares of Invesco Preferred ETF during the 3rd quarter valued at about $124,000.

Invesco Preferred ETF Price Performance

NYSEARCA PGX opened at $11.63 on Tuesday. The business has a 50 day simple moving average of $11.74 and a 200 day simple moving average of $11.95. 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.