Beta Wealth Group Inc. Has $798,000 Stake in Invesco Preferred ETF (NYSEARCA:PGX)

Beta Wealth Group Inc. increased its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 46.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,214 shares of the company’s stock after buying an additional 21,791 shares during the quarter. Beta Wealth Group Inc.’s holdings in Invesco Preferred ETF were worth $798,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ACT Advisors LLC. bought a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth approximately $17,368,000. Wealth Advisory Solutions LLC increased its stake in Invesco Preferred ETF by 53.9% during the 3rd quarter. Wealth Advisory Solutions LLC now owns 52,574 shares of the company’s stock worth $649,000 after acquiring an additional 18,410 shares during the period. Crew Capital Management Ltd. lifted its position in Invesco Preferred ETF by 11.2% during the third quarter. Crew Capital Management Ltd. now owns 81,130 shares of the company’s stock worth $1,002,000 after purchasing an additional 8,192 shares during the period. Foundations Investment Advisors LLC bought a new position in Invesco Preferred ETF in the third quarter valued at approximately $604,000. Finally, Calton & Associates Inc. acquired a new position in shares of Invesco Preferred ETF during the 3rd quarter worth $128,000.

Invesco Preferred ETF Stock Performance

PGX opened at $11.69 on Tuesday. The company’s 50 day moving average is $11.61 and its 200-day moving average is $11.94. 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.