50,570 Shares in Invesco Preferred ETF (NYSEARCA:PGX) Purchased by Flagstar Advisors Inc.

Flagstar Advisors Inc. acquired a new stake in Invesco Preferred ETF (NYSEARCA:PGX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 50,570 shares of the company’s stock, valued at approximately $625,000.

A number of other hedge funds also recently bought and sold shares of the business. Advisory Alpha LLC raised its stake in Invesco Preferred ETF by 0.6% during the second quarter. Advisory Alpha LLC now owns 152,206 shares of the company’s stock worth $1,758,000 after purchasing an additional 914 shares during the period. NBC Securities Inc. raised its position in shares of Invesco Preferred ETF by 2.8% during the 3rd quarter. NBC Securities Inc. now owns 34,376 shares of the company’s stock valued at $424,000 after buying an additional 950 shares during the period. Oxbow Advisors LLC lifted its holdings in Invesco Preferred ETF by 5.6% in the second quarter. Oxbow Advisors LLC now owns 22,494 shares of the company’s stock valued at $260,000 after acquiring an additional 1,199 shares during the last quarter. Argus Investors Counsel Inc. lifted its holdings in Invesco Preferred ETF by 3.1% in the second quarter. Argus Investors Counsel Inc. now owns 41,526 shares of the company’s stock valued at $480,000 after acquiring an additional 1,237 shares during the last quarter. Finally, Wagner Wealth Management LLC grew its position in Invesco Preferred ETF by 2.1% in the third quarter. Wagner Wealth Management LLC now owns 59,817 shares of the company’s stock worth $739,000 after acquiring an additional 1,239 shares during the period.

Invesco Preferred ETF Stock Performance

Shares of PGX opened at $11.95 on Friday. The company’s 50-day moving average price is $12.27 and its 200 day moving average price is $11.90. Invesco Preferred ETF has a 12-month low of $10.91 and a 12-month high of $12.54.

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.