StoneCrest Wealth Management Inc. lifted its position in Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 7.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,745 shares of the company’s stock after acquiring an additional 12,443 shares during the quarter. Invesco Preferred ETF accounts for approximately 1.6% of StoneCrest Wealth Management Inc.’s holdings, making the stock its 21st largest position. StoneCrest Wealth Management Inc.’s holdings in Invesco Preferred ETF were worth $2,195,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL acquired a new position in Invesco Preferred ETF in the second quarter worth $35,000. Central Pacific Bank Trust Division bought a new stake in shares of Invesco Preferred ETF during the 1st quarter valued at about $46,000. Private Ocean LLC acquired a new stake in Invesco Preferred ETF during the first quarter worth about $94,000. Consultiva Wealth Management CORP. bought a new position in Invesco Preferred ETF in the first quarter worth about $96,000. Finally, Walden Wealth Partners LLC bought a new position in Invesco Preferred ETF in the fourth quarter worth about $117,000.
Invesco Preferred ETF Stock Up 0.9 %
NYSEARCA:PGX opened at $12.35 on Wednesday. The stock has a 50 day moving average of $12.09 and a 200-day moving average of $11.78. Invesco Preferred ETF has a 52 week low of $10.14 and a 52 week 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.
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