KG&L Capital Management LLC Boosts Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

KG&L Capital Management LLC grew its position in Invesco Preferred ETF (NYSEARCA:PGX) by 3.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 202,843 shares of the company’s stock after purchasing an additional 7,679 shares during the period. KG&L Capital Management LLC’s holdings in Invesco Preferred ETF were worth $2,339,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in Invesco Preferred ETF in the 3rd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Invesco Preferred ETF by 299.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock worth $32,000 after purchasing an additional 2,093 shares during the period. Eastern Bank purchased a new position in shares of Invesco Preferred ETF in the 3rd quarter worth about $37,000. Ellis Investment Partners LLC bought a new position in Invesco Preferred ETF during the third quarter valued at about $124,000. Finally, Orrstown Financial Services Inc. purchased a new stake in Invesco Preferred ETF during the third quarter worth about $124,000.

Invesco Preferred ETF Trading Down 0.9 %

PGX opened at $11.55 on Friday. Invesco Preferred ETF has a twelve month low of $11.23 and a twelve month high of $12.54. The company’s 50-day moving average price is $11.68 and its two-hundred day moving average price is $11.94.

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.