Team Hewins LLC Buys New Stake in Invesco Preferred ETF (NYSEARCA:PGX)

Team Hewins LLC bought a new stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 31,206 shares of the company’s stock, valued at approximately $371,000.

Other large investors have also modified their holdings of the company. Fortitude Family Office LLC acquired a new position in shares of Invesco Preferred ETF in the fourth quarter worth about $32,000. Gradient Investments LLC increased its stake in shares of Invesco Preferred ETF by 102.9% during the fourth quarter. Gradient Investments LLC now owns 2,755 shares of the company’s stock worth $32,000 after purchasing an additional 1,397 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in shares of Invesco Preferred ETF during the fourth quarter worth about $34,000. Capital Analysts LLC increased its stake in shares of Invesco Preferred ETF by 91.4% during the fourth quarter. Capital Analysts LLC now owns 3,465 shares of the company’s stock worth $40,000 after purchasing an additional 1,655 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Invesco Preferred ETF during the first quarter worth about $46,000.

Invesco Preferred ETF Stock Up 1.0 %

PGX stock traded up $0.12 during mid-day trading on Thursday, reaching $11.77. The company’s stock had a trading volume of 6,221,254 shares, compared to its average volume of 3,463,766. Invesco Preferred ETF has a fifty-two week low of $10.14 and a fifty-two week high of $12.06. The company’s 50 day moving average is $11.57 and its two-hundred day moving average is $11.66.

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.