Portland Financial Advisors Inc Buys Shares of 32,688 Invesco Preferred ETF (NYSEARCA:PGX)

Portland Financial Advisors Inc acquired a new position in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 32,688 shares of the company’s stock, valued at approximately $377,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Captrust Financial Advisors raised its holdings in shares of Invesco Preferred ETF by 1.1% in the 3rd quarter. Captrust Financial Advisors now owns 87,953 shares of the company’s stock worth $1,086,000 after acquiring an additional 991 shares during the last quarter. Gladstone Institutional Advisory LLC increased its stake in Invesco Preferred ETF by 5.5% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 27,089 shares of the company’s stock valued at $335,000 after buying an additional 1,422 shares during the last quarter. Sax Wealth Advisors LLC lifted its position in shares of Invesco Preferred ETF by 7.0% during the 4th quarter. Sax Wealth Advisors LLC now owns 21,951 shares of the company’s stock worth $253,000 after buying an additional 1,440 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Invesco Preferred ETF by 0.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 387,083 shares of the company’s stock worth $4,780,000 after buying an additional 1,519 shares during the last quarter. Finally, J. W. Coons Advisors LLC grew its holdings in shares of Invesco Preferred ETF by 6.4% in the third quarter. J. W. Coons Advisors LLC now owns 28,110 shares of the company’s stock valued at $347,000 after acquiring an additional 1,700 shares in the last quarter.

Invesco Preferred ETF Stock Performance

Shares of NYSEARCA:PGX opened at $11.60 on Monday. Invesco Preferred ETF has a 1 year low of $11.23 and a 1 year high of $12.54. The business has a fifty day moving average price of $11.59 and a two-hundred day moving average price of $11.93.

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.