Buck Wealth Strategies LLC Raises Stock Holdings in Invesco Preferred ETF $PGX

Buck Wealth Strategies LLC lifted its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 1,069.4% in the 4th quarter, Holdings Channel reports. The firm owned 158,529 shares of the company’s stock after acquiring an additional 144,973 shares during the period. Buck Wealth Strategies LLC’s holdings in Invesco Preferred ETF were worth $1,782,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of PGX. Spectrum Asset Management Inc. boosted its stake in Invesco Preferred ETF by 47.9% in the fourth quarter. Spectrum Asset Management Inc. now owns 5,372,426 shares of the company’s stock worth $60,386,000 after buying an additional 1,739,156 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Invesco Preferred ETF by 2.1% during the third quarter. Bank of America Corp DE now owns 65,973,646 shares of the company’s stock valued at $765,294,000 after purchasing an additional 1,333,558 shares during the period. UBS Group AG boosted its stake in shares of Invesco Preferred ETF by 32.2% during the fourth quarter. UBS Group AG now owns 5,345,570 shares of the company’s stock valued at $60,084,000 after purchasing an additional 1,300,981 shares during the period. Trinity Legacy Partners LLC boosted its stake in shares of Invesco Preferred ETF by 3,866.1% during the fourth quarter. Trinity Legacy Partners LLC now owns 717,856 shares of the company’s stock valued at $8,069,000 after purchasing an additional 699,756 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Invesco Preferred ETF by 57.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,874,427 shares of the company’s stock valued at $21,031,000 after purchasing an additional 683,754 shares during the period. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Price Performance

NYSEARCA:PGX opened at $11.19 on Friday. Invesco Preferred ETF has a fifty-two week low of $10.82 and a fifty-two week high of $11.92. The business has a 50 day moving average price of $11.15 and a 200-day moving average price of $11.29.

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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.