Wealthcare Advisory Partners LLC Buys New Position in Invesco Preferred ETF (NYSEARCA:PGX)

Wealthcare Advisory Partners LLC purchased a new stake in Invesco Preferred ETF (NYSEARCA:PGX) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 33,983 shares of the company’s stock, valued at approximately $390,000.

Several other large investors also recently made changes to their positions in PGX. Fortitude Family Office LLC bought a new stake in Invesco Preferred ETF during the fourth quarter worth approximately $32,000. Gradient Investments LLC raised its holdings in shares of Invesco Preferred ETF by 102.9% during the fourth quarter. Gradient Investments LLC now owns 2,755 shares of the company’s stock valued at $32,000 after acquiring an additional 1,397 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in shares of Invesco Preferred ETF in the 4th quarter valued at approximately $34,000. Capital Analysts LLC boosted its stake in Invesco Preferred ETF by 91.4% in the 4th quarter. Capital Analysts LLC now owns 3,465 shares of the company’s stock worth $40,000 after purchasing an additional 1,655 shares during the period. Finally, Trifecta Capital Advisors LLC purchased a new position in Invesco Preferred ETF during the 4th quarter worth approximately $69,000.

Invesco Preferred ETF Price Performance

Shares of NYSEARCA:PGX opened at $11.51 on Friday. The company’s fifty day moving average is $11.71 and its two-hundred day moving average is $11.48. Invesco Preferred ETF has a 12-month low of $10.14 and a 12-month high of $12.06.

Invesco Preferred ETF 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.