Invesco Preferred ETF (NYSEARCA:PGX) Stock Position Increased by Argus Investors Counsel Inc.

Argus Investors Counsel Inc. grew its position in Invesco Preferred ETF (NYSEARCA:PGX) by 11.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,089 shares of the company’s stock after purchasing an additional 4,400 shares during the period. Argus Investors Counsel Inc.’s holdings in Invesco Preferred ETF were worth $485,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PGX. ACT Advisors LLC. bought a new position in Invesco Preferred ETF in the 3rd quarter worth approximately $17,368,000. JPMorgan Chase & Co. grew 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 worth $22,097,000 after purchasing an additional 746,783 shares in the last quarter. Barclays PLC grew its stake in shares of Invesco Preferred ETF by 18,430.0% in the third quarter. Barclays PLC now owns 555,900 shares of the company’s stock worth $6,865,000 after purchasing an additional 552,900 shares in the last quarter. Acute Investment Advisory LLC acquired a new position in shares of Invesco Preferred ETF during the third quarter valued at $3,977,000. Finally, Wolverine Trading LLC raised its stake in shares of Invesco Preferred ETF by 513.6% during the third quarter. Wolverine Trading LLC now owns 260,602 shares of the company’s stock valued at $3,242,000 after purchasing an additional 218,132 shares in the last quarter.

Invesco Preferred ETF Trading Up 0.9 %

Shares of PGX opened at $11.65 on Thursday. The firm has a 50-day moving average price of $11.67 and a 200 day moving average price of $11.94. Invesco Preferred ETF has a 52-week low of $11.23 and a 52-week high of $12.54.

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.