Brighton Jones LLC Purchases Shares of 54,328 Invesco Preferred ETF (NYSEARCA:PGX)

Brighton Jones LLC acquired a new position in shares of Invesco Preferred ETF (NYSEARCA:PGX) in the 4th quarter, HoldingsChannel reports. The firm acquired 54,328 shares of the company’s stock, valued at approximately $626,000.

Other hedge funds also recently modified their holdings of the company. Allworth Financial LP grew its position in Invesco Preferred ETF by 4.3% during the 3rd quarter. Allworth Financial LP now owns 3,588,261 shares of the company’s stock worth $44,315,000 after acquiring an additional 148,476 shares during the last quarter. JPMorgan Chase & Co. boosted its stake 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 worth $22,097,000 after purchasing an additional 746,783 shares in the last quarter. ACT Advisors LLC. bought a new stake in shares of Invesco Preferred ETF during the third quarter worth $17,368,000. Advisors Management Group Inc. ADV grew its holdings in shares of Invesco Preferred ETF by 3.8% during the fourth quarter. Advisors Management Group Inc. ADV now owns 1,288,642 shares of the company’s stock worth $14,858,000 after purchasing an additional 47,652 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Invesco Preferred ETF by 2.5% in the second quarter. Marshall Wace LLP now owns 960,800 shares of the company’s stock valued at $11,097,000 after buying an additional 23,600 shares in the last quarter.

Invesco Preferred ETF Trading Up 0.4 %

Shares of NYSEARCA PGX opened at $11.68 on Friday. Invesco Preferred ETF has a 12-month low of $11.23 and a 12-month high of $12.54. The firm’s 50-day simple moving average is $11.71 and its 200 day simple moving average is $11.94.

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.