Ariadne Wealth Management LP Acquires New Stake in Invesco Preferred ETF (NYSEARCA:PGX)

Ariadne Wealth Management LP purchased a new stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 32,271 shares of the company’s stock, valued at approximately $373,000.

Several other institutional investors also recently modified their holdings of the business. LPL Financial LLC lifted its holdings in shares of Invesco Preferred ETF by 9.7% in the second quarter. LPL Financial LLC now owns 13,579,206 shares of the company’s stock worth $156,840,000 after buying an additional 1,197,584 shares in the last quarter. Cohen & Steers Inc. grew its stake in Invesco Preferred ETF by 1,074,842.8% in the 4th quarter. Cohen & Steers Inc. now owns 6,707,643 shares of the company’s stock worth $76,937,000 after acquiring an additional 6,707,019 shares in the last quarter. Apollon Wealth Management LLC grew its stake in Invesco Preferred ETF by 2,034.9% in the 2nd quarter. Apollon Wealth Management LLC now owns 2,439,962 shares of the company’s stock worth $28,182,000 after acquiring an additional 2,325,672 shares in the last quarter. Osaic Holdings Inc. grew its stake in Invesco Preferred ETF by 10.4% in the 1st quarter. Osaic Holdings Inc. now owns 2,027,101 shares of the company’s stock worth $24,083,000 after acquiring an additional 191,636 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Invesco Preferred ETF by 4.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,382,375 shares of the company’s stock valued at $15,966,000 after purchasing an additional 64,346 shares in the last quarter.

Invesco Preferred ETF Trading Down 0.7 %

NYSEARCA PGX opened at $12.35 on Tuesday. The firm’s 50 day moving average price is $11.99 and its 200-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 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.