Collaborative Wealth Managment Inc. Takes Position in Invesco Preferred ETF (NYSEARCA:PGX)

Collaborative Wealth Managment Inc. bought a new stake in Invesco Preferred ETF (NYSEARCA:PGX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,629 shares of the company’s stock, valued at approximately $146,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Spectrum Asset Management Inc. increased its stake in Invesco Preferred ETF by 64.7% in the 4th quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock worth $66,546,000 after buying an additional 2,266,498 shares during the period. Raymond James Financial Inc. purchased a new position in Invesco Preferred ETF in the 4th quarter worth about $29,537,000. JPMorgan Chase & Co. increased its stake in Invesco Preferred ETF by 71.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock worth $22,097,000 after buying an additional 746,783 shares during the period. Commonwealth Equity Services LLC increased its stake in Invesco Preferred ETF by 11.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,448,097 shares of the company’s stock worth $16,697,000 after buying an additional 148,346 shares during the period. Finally, Advisors Management Group Inc. ADV increased its stake in 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 worth $14,858,000 after buying an additional 47,652 shares during the period.

Invesco Preferred ETF Stock Up 0.6 %

PGX stock opened at $11.55 on Friday. Invesco Preferred ETF has a 12 month low of $11.23 and a 12 month high of $12.54. The firm’s 50-day moving average is $11.59 and its 200 day moving average is $11.90.

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.