Invesco Preferred ETF (NYSEARCA:PGX) Stock Position Raised by Albion Financial Group UT

Albion Financial Group UT lifted its position in Invesco Preferred ETF (NYSEARCA:PGX) by 8.7% in the 1st quarter, Holdings Channel reports. The fund owned 96,024 shares of the company’s stock after buying an additional 7,662 shares during the period. Albion Financial Group UT’s holdings in Invesco Preferred ETF were worth $1,141,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC acquired a new position in Invesco Preferred ETF in the 4th quarter valued at approximately $178,000. CWM LLC increased its stake in Invesco Preferred ETF by 14.2% in the 4th quarter. CWM LLC now owns 38,289 shares of the company’s stock valued at $439,000 after buying an additional 4,757 shares during the period. CAP Partners LLC acquired a new position in shares of Invesco Preferred ETF during the 4th quarter worth $199,000. Wilbanks Smith & Thomas Asset Management LLC increased its stake in shares of Invesco Preferred ETF by 149.9% during the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 66,172 shares of the company’s stock worth $759,000 after purchasing an additional 39,689 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC acquired a new position in shares of Invesco Preferred ETF during the 4th quarter worth $390,000.

Invesco Preferred ETF Stock Performance

Shares of PGX traded up $0.11 during mid-day trading on Wednesday, hitting $11.69. 2,489,474 shares of the company’s stock were exchanged, compared to its average volume of 3,473,791. The firm has a fifty day moving average of $11.54 and a two-hundred day moving average of $11.65. Invesco Preferred ETF has a twelve month low of $10.14 and a twelve month high of $12.06.

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.