Independent Financial Group LLC Invests $622,000 in Invesco Preferred ETF $PGX

Independent Financial Group LLC purchased a new position in Invesco Preferred ETF (NYSEARCA:PGX) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 57,191 shares of the company’s stock, valued at approximately $622,000.

Other large investors have also recently made changes to their positions in the company. Ibex Wealth Advisors boosted its stake in Invesco Preferred ETF by 0.8% during the first quarter. Ibex Wealth Advisors now owns 121,097 shares of the company’s stock valued at $1,318,000 after buying an additional 909 shares during the last quarter. New England Private Wealth Advisors LLC increased its stake in Invesco Preferred ETF by 1.6% in the 4th quarter. New England Private Wealth Advisors LLC now owns 58,682 shares of the company’s stock worth $660,000 after acquiring an additional 916 shares during the last quarter. Apella Capital LLC increased its stake in Invesco Preferred ETF by 5.0% in the 1st quarter. Apella Capital LLC now owns 19,507 shares of the company’s stock worth $220,000 after acquiring an additional 929 shares during the last quarter. Balanced Wealth Group LLC increased its stake in Invesco Preferred ETF by 2.4% in the 1st quarter. Balanced Wealth Group LLC now owns 41,237 shares of the company’s stock worth $449,000 after acquiring an additional 965 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of Invesco Preferred ETF by 6.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 16,192 shares of the company’s stock worth $182,000 after acquiring an additional 1,046 shares in the last quarter. 8.60% of the stock is owned by institutional investors.

Invesco Preferred ETF Stock Down 0.3%

Shares of PGX opened at $10.76 on Thursday. Invesco Preferred ETF has a 1 year low of $10.75 and a 1 year high of $11.92. The business’s 50 day simple moving average is $10.91 and its 200-day simple moving average is $11.13.

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.