Principal Financial Group Inc. Has $8.27 Million Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Principal Financial Group Inc. boosted its position in Invesco Preferred ETF (NYSEARCA:PGX) by 657.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 717,581 shares of the company’s stock after purchasing an additional 622,895 shares during the period. Principal Financial Group Inc. owned about 0.19% of Invesco Preferred ETF worth $8,274,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new position in Invesco Preferred ETF in the 3rd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Invesco Preferred ETF by 299.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock valued at $32,000 after purchasing an additional 2,093 shares during the last quarter. Kentucky Trust Co bought a new position in shares of Invesco Preferred ETF in the 4th quarter valued at $36,000. Roxbury Financial LLC acquired a new position in shares of Invesco Preferred ETF in the fourth quarter valued at approximately $42,000. Finally, Benjamin Edwards Inc. bought a new position in shares of Invesco Preferred ETF during the third quarter valued at $127,000.

Invesco Preferred ETF Trading Up 0.3 %

Shares of PGX stock opened at $11.68 on Friday. Invesco Preferred ETF has a one year low of $11.23 and a one year high of $12.54. The business’s 50 day simple moving average is $11.59 and its 200 day simple moving average is $11.93.

Invesco Preferred ETF 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.