Granite Bay Wealth Management LLC Purchases New Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Granite Bay Wealth Management LLC purchased a new stake in Invesco Preferred ETF (NYSEARCA:PGX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 152,728 shares of the company’s stock, valued at approximately $1,766,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stifel Financial Corp raised its stake in Invesco Preferred ETF by 7.1% during the fourth quarter. Stifel Financial Corp now owns 440,480 shares of the company’s stock valued at $5,052,000 after buying an additional 29,322 shares in the last quarter. Bank of New Hampshire raised its stake in Invesco Preferred ETF by 13.0% during the first quarter. Bank of New Hampshire now owns 14,750 shares of the company’s stock valued at $175,000 after buying an additional 1,700 shares in the last quarter. Comerica Bank raised its stake in Invesco Preferred ETF by 28.3% during the first quarter. Comerica Bank now owns 177,530 shares of the company’s stock valued at $2,109,000 after buying an additional 39,126 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Invesco Preferred ETF by 16.4% during the first quarter. Oppenheimer & Co. Inc. now owns 211,020 shares of the company’s stock valued at $2,507,000 after buying an additional 29,756 shares in the last quarter. Finally, CreativeOne Wealth LLC raised its stake in Invesco Preferred ETF by 91.1% during the first quarter. CreativeOne Wealth LLC now owns 19,485 shares of the company’s stock valued at $232,000 after buying an additional 9,290 shares in the last quarter.

Invesco Preferred ETF Stock Performance

Shares of NYSEARCA PGX opened at $12.35 on Tuesday. The stock’s 50 day moving average price is $11.99 and its two-hundred day moving average price is $11.76. Invesco Preferred ETF has a 52-week low of $10.14 and a 52-week high of $12.54.

Invesco Preferred ETF 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.