Millstone Evans Group LLC Invests $50,000 in Invesco Preferred ETF (NYSEARCA:PGX)

Millstone Evans Group LLC acquired a new stake in Invesco Preferred ETF (NYSEARCA:PGX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,316 shares of the company’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Spectrum Asset Management Inc. increased its stake in shares of Invesco Preferred ETF by 64.7% in the fourth quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock valued at $66,546,000 after buying an additional 2,266,498 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Invesco Preferred ETF in the fourth quarter valued at approximately $29,537,000. JPMorgan Chase & Co. increased its stake 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 valued at $22,097,000 after buying an additional 746,783 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Invesco Preferred ETF by 11.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,448,097 shares of the company’s stock valued at $16,697,000 after buying an additional 148,346 shares during the period. Finally, Advisors Management Group Inc. ADV increased its stake in shares of Invesco Preferred ETF by 3.8% in the fourth quarter. Advisors Management Group Inc. ADV now owns 1,288,642 shares of the company’s stock valued at $14,858,000 after buying an additional 47,652 shares during the period.

Invesco Preferred ETF Stock Down 0.1 %

Invesco Preferred ETF stock opened at $11.55 on Monday. The business has a 50 day moving average of $11.59 and a 200-day moving average of $11.89. Invesco Preferred ETF has a 1 year low of $11.23 and a 1 year 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.