Sax Wealth Advisors LLC Has $253,000 Position in Invesco Preferred ETF (NYSEARCA:PGX)

Sax Wealth Advisors LLC increased its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 7.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,951 shares of the company’s stock after purchasing an additional 1,440 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Invesco Preferred ETF were worth $253,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Invesco Preferred ETF in the third quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Invesco Preferred ETF by 299.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock valued at $32,000 after buying an additional 2,093 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of Invesco Preferred ETF during the 2nd quarter worth about $35,000. Eastern Bank acquired a new stake in shares of Invesco Preferred ETF during the 3rd quarter valued at about $37,000. Finally, Ellis Investment Partners LLC bought a new stake in Invesco Preferred ETF in the third quarter valued at about $124,000.

Invesco Preferred ETF Price Performance

NYSEARCA:PGX opened at $11.63 on Monday. Invesco Preferred ETF has a 12-month low of $11.23 and a 12-month high of $12.54. The firm has a 50-day moving average price of $11.75 and a 200 day moving average price of $11.95.

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.