Cascade Financial Partners LLC Boosts Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Cascade Financial Partners LLC boosted its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 61.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,063 shares of the company’s stock after purchasing an additional 34,014 shares during the quarter. Cascade Financial Partners LLC’s holdings in Invesco Preferred ETF were worth $1,027,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PGX. Spectrum Asset Management Inc. grew its position in shares of Invesco Preferred ETF by 64.7% in the 4th quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock worth $66,546,000 after acquiring an additional 2,266,498 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Invesco Preferred ETF in the 4th quarter worth approximately $29,537,000. JPMorgan Chase & Co. grew its position in shares of Invesco Preferred ETF by 71.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock worth $22,097,000 after acquiring an additional 746,783 shares in the last quarter. Advisors Management Group Inc. ADV grew its position in shares of Invesco Preferred ETF by 3.8% in the 4th quarter. Advisors Management Group Inc. ADV now owns 1,288,642 shares of the company’s stock worth $14,858,000 after acquiring an additional 47,652 shares in the last quarter. Finally, Stifel Financial Corp grew its position in shares of Invesco Preferred ETF by 6.8% in the 3rd quarter. Stifel Financial Corp now owns 951,769 shares of the company’s stock worth $11,754,000 after acquiring an additional 60,601 shares in the last quarter.

Invesco Preferred ETF Stock Performance

Shares of PGX opened at $11.43 on Wednesday. The stock has a 50 day moving average of $11.60 and a 200-day moving average of $11.91. Invesco Preferred ETF has a 52 week low of $11.23 and a 52 week high of $12.54.

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.