Concurrent Investment Advisors LLC Invests $223,000 in Invesco Preferred ETF (NYSEARCA:PGX)

Concurrent Investment Advisors LLC purchased a new position in Invesco Preferred ETF (NYSEARCA:PGX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,054 shares of the company’s stock, valued at approximately $223,000.

Several other hedge funds have also added to or reduced their stakes in PGX. Headlands Technologies LLC boosted its stake in shares of Invesco Preferred ETF by 48.9% during the first quarter. Headlands Technologies LLC now owns 10,839 shares of the company’s stock valued at $129,000 after purchasing an additional 3,561 shares during the period. US Bancorp DE grew its holdings in Invesco Preferred ETF by 9.8% in the 1st quarter. US Bancorp DE now owns 30,017 shares of the company’s stock worth $357,000 after acquiring an additional 2,672 shares during the last quarter. Avantax Advisory Services Inc. increased its position in shares of Invesco Preferred ETF by 2.3% in the first quarter. Avantax Advisory Services Inc. now owns 109,968 shares of the company’s stock valued at $1,306,000 after acquiring an additional 2,490 shares during the period. HBK Sorce Advisory LLC raised its stake in shares of Invesco Preferred ETF by 5.8% during the first quarter. HBK Sorce Advisory LLC now owns 195,070 shares of the company’s stock valued at $2,317,000 after acquiring an additional 10,697 shares during the last quarter. Finally, Blair William & Co. IL raised its position in Invesco Preferred ETF by 17.5% during the 1st quarter. Blair William & Co. IL now owns 355,240 shares of the company’s stock valued at $4,220,000 after purchasing an additional 52,947 shares during the last quarter.

Invesco Preferred ETF Trading Down 1.1 %

PGX opened at $12.18 on Tuesday. Invesco Preferred ETF has a 12-month low of $10.75 and a 12-month high of $12.54. The stock has a fifty day simple moving average of $12.29 and a two-hundred day simple moving average of $11.87.

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.