JPMorgan Chase & Co. Acquires 746,783 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

JPMorgan Chase & Co. increased its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 71.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,789,236 shares of the company’s stock after acquiring an additional 746,783 shares during the period. JPMorgan Chase & Co. owned approximately 0.48% of Invesco Preferred ETF worth $22,097,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PGX. Jane Street Group LLC boosted its position in Invesco Preferred ETF by 85.7% in the third quarter. Jane Street Group LLC now owns 75,421 shares of the company’s stock worth $931,000 after purchasing an additional 34,804 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Invesco Preferred ETF by 632.8% in the 3rd quarter. Principal Financial Group Inc. now owns 94,686 shares of the company’s stock worth $1,169,000 after purchasing an additional 81,764 shares during the period. Kades & Cheifetz LLC boosted its holdings in shares of Invesco Preferred ETF by 1.8% in the third quarter. Kades & Cheifetz LLC now owns 265,479 shares of the company’s stock worth $3,279,000 after buying an additional 4,649 shares during the last quarter. Sanctuary Advisors LLC grew its position in Invesco Preferred ETF by 59.3% during the third quarter. Sanctuary Advisors LLC now owns 547,388 shares of the company’s stock valued at $6,541,000 after buying an additional 203,752 shares during the period. Finally, Sound Income Strategies LLC grew its position in Invesco Preferred ETF by 3.6% during the third quarter. Sound Income Strategies LLC now owns 437,945 shares of the company’s stock valued at $5,409,000 after buying an additional 15,151 shares during the period.

Invesco Preferred ETF Trading Down 0.6 %

NYSEARCA PGX opened at $11.52 on Thursday. The business’s fifty day moving average is $11.86 and its 200 day moving average is $11.95. Invesco Preferred ETF has a fifty-two week low of $11.23 and a fifty-two week high of $12.54.

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.