Boothe Investment Group Inc. Has $2.57 Million Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Boothe Investment Group Inc. raised its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,420 shares of the company’s stock after purchasing an additional 8,908 shares during the quarter. Invesco Preferred ETF makes up 1.1% of Boothe Investment Group Inc.’s holdings, making the stock its 26th biggest position. Boothe Investment Group Inc. owned about 0.06% of Invesco Preferred ETF worth $2,565,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in PGX. Wealthcare Advisory Partners LLC increased its position in shares of Invesco Preferred ETF by 8.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 33,422 shares of the company’s stock worth $385,000 after purchasing an additional 2,576 shares during the period. Jane Street Group LLC increased its position in shares of Invesco Preferred ETF by 85.7% in the third quarter. Jane Street Group LLC now owns 75,421 shares of the company’s stock worth $931,000 after purchasing an additional 34,804 shares during the period. Park Avenue Securities LLC increased its position in shares of Invesco Preferred ETF by 6.2% in the fourth quarter. Park Avenue Securities LLC now owns 38,714 shares of the company’s stock worth $446,000 after purchasing an additional 2,272 shares during the period. JPMorgan Chase & Co. increased its position in shares of Invesco Preferred ETF by 71.6% in the third quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock worth $22,097,000 after purchasing an additional 746,783 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Invesco Preferred ETF by 632.8% in the third quarter. Principal Financial Group Inc. now owns 94,686 shares of the company’s stock worth $1,169,000 after purchasing an additional 81,764 shares during the period.

Invesco Preferred ETF Stock Performance

Shares of NYSEARCA PGX opened at $11.60 on Monday. Invesco Preferred ETF has a 52 week low of $11.23 and a 52 week high of $12.54. The stock’s fifty day moving average is $11.59 and its 200 day moving average is $11.93.

About Invesco Preferred ETF

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.