15,000 Shares in Invesco Preferred ETF (NYSEARCA:PGX) Purchased by Red Door Wealth Management LLC

Red Door Wealth Management LLC bought a new position in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the fourth quarter, Holdings Channel reports. The fund bought 15,000 shares of the company’s stock, valued at approximately $173,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Allworth Financial LP raised its position in shares of Invesco Preferred ETF by 4.3% during the 3rd quarter. Allworth Financial LP now owns 3,588,261 shares of the company’s stock valued at $44,315,000 after buying an additional 148,476 shares during the period. JPMorgan Chase & Co. increased its stake in Invesco Preferred ETF by 71.6% during the third quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock worth $22,097,000 after acquiring an additional 746,783 shares during the last quarter. ACT Advisors LLC. purchased a new stake in Invesco Preferred ETF in the third quarter valued at $17,368,000. Advisors Management Group Inc. ADV lifted its stake in shares of Invesco Preferred ETF by 3.8% in the 4th quarter. Advisors Management Group Inc. ADV now owns 1,288,642 shares of the company’s stock valued at $14,858,000 after purchasing an additional 47,652 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Invesco Preferred ETF by 2.5% during the 2nd quarter. Marshall Wace LLP now owns 960,800 shares of the company’s stock worth $11,097,000 after purchasing an additional 23,600 shares during the period.

Invesco Preferred ETF Stock Performance

Shares of PGX opened at $11.68 on Friday. The company’s 50-day moving average price is $11.71 and its 200 day moving average price is $11.94. Invesco Preferred ETF has a 12-month low of $11.23 and a 12-month high of $12.54.

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.