Ehrlich Financial Group Takes Position in Invesco Preferred ETF (NYSEARCA:PGX)

Ehrlich Financial Group bought a new stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 16,387 shares of the company’s stock, valued at approximately $189,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in Invesco Preferred ETF during the third quarter valued at approximately $31,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Invesco Preferred ETF in the 2nd quarter valued at $35,000. Eastern Bank bought a new stake in shares of Invesco Preferred ETF in the 3rd quarter worth about $37,000. Ellis Investment Partners LLC acquired a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth about $124,000. Finally, Orrstown Financial Services Inc. bought a new position in Invesco Preferred ETF during the 3rd quarter valued at about $124,000.

Invesco Preferred ETF Price Performance

NYSEARCA:PGX traded down $0.05 on Monday, reaching $11.29. The stock had a trading volume of 11,665,909 shares, compared to its average volume of 8,769,618. Invesco Preferred ETF has a 1-year low of $11.23 and a 1-year high of $12.54. The stock has a fifty day moving average price of $11.82 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.