Wealth Enhancement Advisory Services LLC Has $2.56 Million Stake in Invesco Preferred ETF (NYSEARCA:PGX)

Wealth Enhancement Advisory Services LLC grew its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 41.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 207,083 shares of the company’s stock after purchasing an additional 60,250 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.06% of Invesco Preferred ETF worth $2,557,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PGX. Wilmington Savings Fund Society FSB bought a new stake in Invesco Preferred ETF during the 3rd quarter worth about $31,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Invesco Preferred ETF during the second quarter worth approximately $35,000. Eastern Bank acquired a new position in Invesco Preferred ETF in the third quarter valued at approximately $37,000. Ellis Investment Partners LLC bought a new position in Invesco Preferred ETF in the third quarter valued at approximately $124,000. Finally, Orrstown Financial Services Inc. acquired a new stake in Invesco Preferred ETF during the 3rd quarter worth $124,000.

Invesco Preferred ETF Trading Up 0.6 %

Shares of Invesco Preferred ETF stock opened at $11.36 on Wednesday. Invesco Preferred ETF has a 52 week low of $11.23 and a 52 week high of $12.54. The firm has a fifty day moving average of $11.78 and a two-hundred day moving average of $11.95.

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.