NewEdge Advisors LLC Acquires 33,307 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

NewEdge Advisors LLC increased its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 34.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,080 shares of the company’s stock after purchasing an additional 33,307 shares during the quarter. NewEdge Advisors LLC’s holdings in Invesco Preferred ETF were worth $1,514,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its stake in Invesco Preferred ETF by 7.1% in the 4th quarter. Stifel Financial Corp now owns 440,480 shares of the company’s stock worth $5,052,000 after acquiring an additional 29,322 shares during the last quarter. Belpointe Asset Management LLC purchased a new stake in Invesco Preferred ETF during the fourth quarter valued at $271,000. Oppenheimer & Co. Inc. raised its stake in Invesco Preferred ETF by 14.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 181,264 shares of the company’s stock valued at $2,079,000 after purchasing an additional 22,773 shares in the last quarter. Basso Capital Management L.P. bought a new position in Invesco Preferred ETF during the fourth quarter valued at $118,000. Finally, Cohen & Steers Inc. grew its stake in shares of 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 buying an additional 6,707,019 shares in the last quarter.

Invesco Preferred ETF Stock Performance

Shares of NYSEARCA PGX opened at $12.36 on Friday. Invesco Preferred ETF has a 12-month low of $10.14 and a 12-month high of $12.54. The firm’s 50-day moving average price is $12.07 and its 200-day moving average price is $11.78.

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.