Invesco Preferred ETF (NYSEARCA:PGX) Position Boosted by SkyOak Wealth LLC

SkyOak Wealth LLC increased its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 52.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,778 shares of the company’s stock after purchasing an additional 6,798 shares during the quarter. SkyOak Wealth LLC’s holdings in Invesco Preferred ETF were worth $228,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Central Pacific Bank Trust Division purchased a new stake in shares of Invesco Preferred ETF during the first quarter valued at $46,000. Private Ocean LLC acquired a new position in shares of Invesco Preferred ETF in the first quarter worth about $94,000. Consultiva Wealth Management CORP. purchased a new position in shares of Invesco Preferred ETF in the first quarter worth approximately $96,000. Holderness Investments Co. purchased a new position in shares of Invesco Preferred ETF in the fourth quarter worth approximately $115,000. Finally, Walden Wealth Partners LLC acquired a new stake in shares of Invesco Preferred ETF during the fourth quarter valued at approximately $117,000.

Invesco Preferred ETF Stock Up 0.2 %

Invesco Preferred ETF stock opened at $12.43 on Thursday. Invesco Preferred ETF has a 52 week low of $10.14 and a 52 week high of $12.48. The company has a 50 day moving average price of $11.89 and a 200 day moving average price of $11.73.

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.