Townsquare Capital LLC Takes Position in Invesco Preferred ETF (NYSEARCA:PGX)

Townsquare Capital LLC purchased a new stake in Invesco Preferred ETF (NYSEARCA:PGX) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 22,297 shares of the company’s stock, valued at approximately $275,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PGX. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Invesco Preferred ETF during the 2nd quarter valued at $35,000. Eastern Bank acquired a new position in Invesco Preferred ETF during the 3rd quarter worth about $37,000. Ellis Investment Partners LLC acquired a new position in Invesco Preferred ETF during the 3rd quarter worth about $124,000. Orrstown Financial Services Inc. acquired a new position in Invesco Preferred ETF during the 3rd quarter worth about $124,000. Finally, Duncker Streett & Co. Inc. lifted its holdings in Invesco Preferred ETF by 22.2% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 11,000 shares of the company’s stock worth $127,000 after buying an additional 2,000 shares during the period.

Invesco Preferred ETF Stock Down 0.1 %

Shares of PGX opened at $11.92 on Friday. Invesco Preferred ETF has a 12 month low of $11.11 and a 12 month high of $12.54. The stock’s 50-day moving average price is $12.15 and its two-hundred day moving average price is $11.93.

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.