Cohen & Steers Inc. Purchases 2,049,049 Shares of Invesco Preferred ETF $PGX

Cohen & Steers Inc. grew its position in Invesco Preferred ETF (NYSEARCA:PGX) by 1,881.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,157,935 shares of the company’s stock after acquiring an additional 2,049,049 shares during the quarter. Cohen & Steers Inc. owned 0.61% of Invesco Preferred ETF worth $24,255,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PGX. Brighton Jones LLC bought a new stake in shares of Invesco Preferred ETF in the 4th quarter worth approximately $626,000. Goldman Sachs Group Inc. raised its holdings in shares of Invesco Preferred ETF by 57.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,874,427 shares of the company’s stock worth $21,031,000 after buying an additional 683,754 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Invesco Preferred ETF by 181.6% in the 1st quarter. Jane Street Group LLC now owns 420,120 shares of the company’s stock worth $4,714,000 after buying an additional 270,939 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Invesco Preferred ETF by 1.5% in the 2nd quarter. Invesco Ltd. now owns 112,606 shares of the company’s stock worth $1,253,000 after buying an additional 1,693 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Invesco Preferred ETF in the 2nd quarter worth approximately $679,000. Institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Price Performance

Shares of PGX opened at $10.92 on Friday. The stock has a 50 day simple moving average of $11.06 and a 200-day simple moving average of $11.21. Invesco Preferred ETF has a 1 year low of $10.84 and a 1 year high of $11.92.

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. 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.