Hartford Financial Management Inc. lifted its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 6.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 348,371 shares of the company’s stock after buying an additional 20,302 shares during the quarter. Invesco Preferred ETF comprises approximately 1.5% of Hartford Financial Management Inc.’s investment portfolio, making the stock its 16th largest holding. Hartford Financial Management Inc. owned about 0.08% of Invesco Preferred ETF worth $5,132,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in PGX. Capital Asset Advisory Services LLC grew its position in Invesco Preferred ETF by 511.2% in the 1st quarter. Capital Asset Advisory Services LLC now owns 51,736 shares of the company’s stock valued at $724,000 after purchasing an additional 43,272 shares during the period. Jane Street Group LLC bought a new position in Invesco Preferred ETF during the 1st quarter valued at $1,590,000. Financial Management Professionals Inc. bought a new position in Invesco Preferred ETF during the 2nd quarter valued at $42,000. Comerica Bank raised its stake in shares of Invesco Preferred ETF by 1.9% during the 2nd quarter. Comerica Bank now owns 276,119 shares of the company’s stock worth $3,995,000 after purchasing an additional 5,185 shares during the period. Finally, Advisor Group Holdings Inc. bought a new stake in shares of Invesco Preferred ETF during the 1st quarter worth $25,469,000.
Shares of NYSEARCA PGX traded down $0.06 during mid-day trading on Friday, reaching $14.91. 3,468,297 shares of the company’s stock were exchanged, compared to its average volume of 3,468,001. The firm has a 50-day moving average price of $14.84 and a two-hundred day moving average price of $14.37. Invesco Preferred ETF has a 52 week low of $9.71 and a 52 week high of $15.28.
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.
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