Balanced Wealth Group LLC Makes New $906,000 Investment in Invesco Preferred ETF (NYSEARCA:PGX)

Balanced Wealth Group LLC purchased a new position in Invesco Preferred ETF (NYSEARCA:PGX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 78,976 shares of the company’s stock, valued at approximately $906,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealthcare Advisory Partners LLC purchased a new stake in shares of Invesco Preferred ETF in the 4th quarter valued at approximately $390,000. MeadowBrook Investment Advisors LLC acquired a new position in shares of Invesco Preferred ETF during the 4th quarter valued at about $501,000. Noesis Capital Mangement Corp increased its position in Invesco Preferred ETF by 519.3% during the fourth quarter. Noesis Capital Mangement Corp now owns 433,070 shares of the company’s stock worth $4,967,000 after purchasing an additional 363,141 shares during the last quarter. Spectrum Asset Management Inc. raised its stake in Invesco Preferred ETF by 30.2% during the fourth quarter. Spectrum Asset Management Inc. now owns 3,694,150 shares of the company’s stock worth $42,376,000 after purchasing an additional 857,423 shares during the period. Finally, Fisher Asset Management LLC purchased a new stake in shares of Invesco Preferred ETF during the 4th quarter valued at $205,000.

Invesco Preferred ETF Price Performance

PGX stock traded down $0.11 during trading on Wednesday, reaching $11.49. 6,114,723 shares of the stock traded hands, compared to its average volume of 3,828,701. Invesco Preferred ETF has a 52-week low of $10.14 and a 52-week high of $12.06. The business’s 50 day moving average price is $11.73 and its 200-day moving average price is $11.48.

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.