Independent Wealth Network Inc. Raises Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Independent Wealth Network Inc. increased its position in Invesco Preferred ETF (NYSEARCA:PGX) by 6.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 90,434 shares of the company’s stock after purchasing an additional 5,837 shares during the period. Independent Wealth Network Inc.’s holdings in Invesco Preferred ETF were worth $1,043,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. ACT Advisors LLC. bought a new stake in Invesco Preferred ETF in the third quarter valued at $17,368,000. JPMorgan Chase & Co. boosted its holdings in Invesco Preferred ETF by 71.6% in the third quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock valued at $22,097,000 after acquiring an additional 746,783 shares in the last quarter. Barclays PLC boosted its holdings in Invesco Preferred ETF by 18,430.0% in the third quarter. Barclays PLC now owns 555,900 shares of the company’s stock valued at $6,865,000 after acquiring an additional 552,900 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Invesco Preferred ETF in the second quarter valued at $3,917,000. Finally, Acute Investment Advisory LLC bought a new stake in Invesco Preferred ETF in the third quarter valued at $3,977,000.

Invesco Preferred ETF Stock Performance

Shares of PGX stock opened at $11.65 on Thursday. Invesco Preferred ETF has a 12 month low of $11.23 and a 12 month high of $12.54. The company’s fifty day moving average price is $11.73 and its 200-day moving average price is $11.95.

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.