Invesco Preferred ETF $PGX Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 110.0% during the third quarter, Holdings Channel.com reports. The fund owned 382,831 shares of the company’s stock after purchasing an additional 200,531 shares during the period. SG Americas Securities LLC’s holdings in Invesco Preferred ETF were worth $4,441,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harfst & Associates Inc. bought a new position in Invesco Preferred ETF during the 3rd quarter valued at $3,553,000. D.A. Davidson & CO. boosted its stake in Invesco Preferred ETF by 3.5% during the third quarter. D.A. Davidson & CO. now owns 73,063 shares of the company’s stock valued at $848,000 after buying an additional 2,491 shares in the last quarter. American National Bank & Trust acquired a new position in Invesco Preferred ETF during the third quarter worth about $76,000. Simon Quick Advisors LLC grew its holdings in Invesco Preferred ETF by 4.9% during the third quarter. Simon Quick Advisors LLC now owns 59,349 shares of the company’s stock worth $688,000 after acquiring an additional 2,747 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC raised its position in Invesco Preferred ETF by 45.6% in the third quarter. Pinnacle Wealth Management Advisory Group LLC now owns 20,954 shares of the company’s stock worth $243,000 after acquiring an additional 6,565 shares in the last quarter. Institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Performance

NYSEARCA:PGX opened at $11.34 on Monday. Invesco Preferred ETF has a twelve month low of $10.70 and a twelve month high of $11.92. The company has a 50-day moving average of $11.30 and a 200-day moving average of $11.41.

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.