Tradewinds Capital Management LLC Boosts Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Tradewinds Capital Management LLC boosted its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 15,146.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,304 shares of the company’s stock after purchasing an additional 34,079 shares during the quarter. Tradewinds Capital Management LLC’s holdings in Invesco Preferred ETF were worth $396,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of PGX. Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco Preferred ETF during the 3rd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Invesco Preferred ETF by 299.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock worth $32,000 after acquiring an additional 2,093 shares during the last quarter. Eastern Bank purchased a new stake in Invesco Preferred ETF during the third quarter valued at approximately $37,000. Kentucky Trust Co bought a new stake in shares of Invesco Preferred ETF in the 4th quarter valued at approximately $36,000. Finally, Roxbury Financial LLC purchased a new position in shares of Invesco Preferred ETF in the 4th quarter worth approximately $42,000.

Invesco Preferred ETF Price Performance

NYSEARCA PGX opened at $11.60 on Friday. The business’s 50 day moving average price is $11.59 and its 200-day moving average price is $11.93. Invesco Preferred ETF has a fifty-two week low of $11.23 and a fifty-two 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.