Park Avenue Securities LLC Purchases 2,272 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Park Avenue Securities LLC grew its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 38,714 shares of the company’s stock after buying an additional 2,272 shares during the period. Park Avenue Securities LLC’s holdings in Invesco Preferred ETF were worth $446,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new stake in Invesco Preferred ETF during the 3rd quarter valued at approximately $31,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Invesco Preferred ETF in the 2nd quarter worth $35,000. Eastern Bank bought a new position in shares of Invesco Preferred ETF during the third quarter valued at approximately $37,000. Ellis Investment Partners LLC purchased a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth $124,000. Finally, Orrstown Financial Services Inc. acquired a new stake in Invesco Preferred ETF in the third quarter valued at approximately $124,000.

Invesco Preferred ETF Stock Down 0.2 %

NYSEARCA PGX opened at $11.63 on Friday. Invesco Preferred ETF has a 12-month low of $11.23 and a 12-month high of $12.54. The company has a fifty day simple moving average of $11.72 and a two-hundred day simple moving average of $11.94.

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.