Shares of Invesco Preferred ETF (NYSEARCA:PGX – Get Free Report) hit a new 52-week low on Monday . The stock traded as low as $10.76 and last traded at $10.84, with a volume of 658 shares. The stock had previously closed at $10.84.
Invesco Preferred ETF Price Performance
The company’s 50-day moving average price is $11.01 and its two-hundred day moving average price is $11.18.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Invesco Preferred ETF in the 4th quarter valued at approximately $626,000. Goldman Sachs Group Inc. boosted its holdings in Invesco Preferred ETF by 57.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,874,427 shares of the company’s stock worth $21,031,000 after purchasing an additional 683,754 shares during the period. Jane Street Group LLC boosted its holdings in Invesco Preferred ETF by 181.6% in the first quarter. Jane Street Group LLC now owns 420,120 shares of the company’s stock worth $4,714,000 after purchasing an additional 270,939 shares during the period. Invesco Ltd. increased its stake in Invesco Preferred ETF by 1.5% during the second quarter. Invesco Ltd. now owns 112,606 shares of the company’s stock valued at $1,253,000 after purchasing an additional 1,693 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Invesco Preferred ETF in the 2nd quarter valued at about $679,000. Institutional investors own 8.60% of the company’s stock.
About Invesco Preferred ETF
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.
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