15,129 Shares in Invesco Preferred ETF (NYSEARCA:PGX) Bought by Wallace Advisory Group LLC

Wallace Advisory Group LLC purchased a new stake in Invesco Preferred ETF (NYSEARCA:PGX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,129 shares of the company’s stock, valued at approximately $187,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in Invesco Preferred ETF in the third quarter valued at approximately $31,000. Strategic Investment Solutions Inc. IL bought a new position in Invesco Preferred ETF during the 2nd quarter worth approximately $35,000. Eastern Bank acquired a new position in shares of Invesco Preferred ETF in the 3rd quarter worth approximately $37,000. Ellis Investment Partners LLC bought a new stake in shares of Invesco Preferred ETF in the 3rd quarter valued at $124,000. Finally, Orrstown Financial Services Inc. acquired a new stake in shares of Invesco Preferred ETF during the third quarter worth $124,000.

Invesco Preferred ETF Price Performance

Shares of NYSEARCA PGX opened at $11.36 on Wednesday. The firm has a fifty day simple moving average of $11.78 and a 200 day simple moving average of $11.95. Invesco Preferred ETF has a twelve month low of $11.23 and a twelve month high of $12.54.

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.