Synovus Financial Corp Invests $138,000 in Invesco Preferred ETF (NYSEARCA:PGX)

Synovus Financial Corp acquired a new stake in Invesco Preferred ETF (NYSEARCA:PGX) in the third quarter, Holdings Channel reports. The institutional investor acquired 11,195 shares of the company’s stock, valued at approximately $138,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James & Associates increased its stake in Invesco Preferred ETF by 4.1% during the 2nd quarter. Raymond James & Associates now owns 925,476 shares of the company’s stock worth $10,689,000 after purchasing an additional 36,524 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Invesco Preferred ETF by 4.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,382,375 shares of the company’s stock worth $15,966,000 after acquiring an additional 64,346 shares in the last quarter. McAdam LLC raised its holdings in shares of Invesco Preferred ETF by 4.3% during the second quarter. McAdam LLC now owns 699,511 shares of the company’s stock worth $8,079,000 after acquiring an additional 28,718 shares during the period. Field & Main Bank lifted its position in Invesco Preferred ETF by 7.3% in the 2nd quarter. Field & Main Bank now owns 289,139 shares of the company’s stock valued at $3,339,000 after acquiring an additional 19,664 shares in the last quarter. Finally, Crew Capital Management Ltd. boosted its stake in Invesco Preferred ETF by 125.5% in the 2nd quarter. Crew Capital Management Ltd. now owns 72,938 shares of the company’s stock worth $842,000 after purchasing an additional 40,589 shares during the period.

Invesco Preferred ETF Price Performance

PGX opened at $11.58 on Friday. The business’s 50-day moving average price is $12.05 and its two-hundred day moving average price is $11.95. Invesco Preferred ETF has a 1 year low of $11.23 and a 1 year high of $12.54.

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.