Amicus Financial Advisors LLC Purchases New Position in Invesco Preferred ETF $PGX

Amicus Financial Advisors LLC acquired a new stake in Invesco Preferred ETF (NYSEARCA:PGX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 68,310 shares of the company’s stock, valued at approximately $768,000.

Several other hedge funds also recently made changes to their positions in the company. Triumph Capital Management acquired a new stake in shares of Invesco Preferred ETF in the 3rd quarter valued at about $29,000. Ransom Advisory Ltd purchased a new stake in Invesco Preferred ETF in the fourth quarter valued at approximately $31,000. International Assets Investment Management LLC purchased a new stake in Invesco Preferred ETF in the fourth quarter valued at approximately $55,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Invesco Preferred ETF by 93.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,003 shares of the company’s stock valued at $67,000 after acquiring an additional 2,903 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of Invesco Preferred ETF during the third quarter worth approximately $70,000. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Price Performance

Shares of Invesco Preferred ETF stock opened at $10.99 on Friday. The firm’s fifty day simple moving average is $11.06 and its 200-day simple moving average is $11.20. Invesco Preferred ETF has a 12 month low of $10.84 and a 12 month high of $11.92.

Invesco Preferred ETF Company 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.