Coordinated Financial Services Inc. Purchases New Position in Invesco Preferred ETF (NYSEARCA:PGX)

Coordinated Financial Services Inc. purchased a new stake in Invesco Preferred ETF (NYSEARCA:PGX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,201 shares of the company’s stock, valued at approximately $129,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PGX. Wilmington Savings Fund Society FSB purchased a new position in shares of Invesco Preferred ETF in the 3rd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Invesco Preferred ETF by 299.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock worth $32,000 after buying an additional 2,093 shares during the last quarter. Kentucky Trust Co acquired a new stake in Invesco Preferred ETF in the 4th quarter worth about $36,000. Roxbury Financial LLC acquired a new stake in Invesco Preferred ETF in the 4th quarter worth about $42,000. Finally, Benjamin Edwards Inc. acquired a new stake in Invesco Preferred ETF in the 3rd quarter worth about $127,000.

Invesco Preferred ETF Trading Down 0.3 %

PGX stock opened at $11.52 on Monday. Invesco Preferred ETF has a 12-month low of $11.23 and a 12-month high of $12.54. The business’s 50-day moving average is $11.60 and its 200 day moving average is $11.92.

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.