Scotia Capital Inc. boosted its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 264.2% in the second quarter, Holdings Channel reports. The firm owned 322,863 shares of the company’s stock after acquiring an additional 234,218 shares during the period. Scotia Capital Inc.’s holdings in Invesco Preferred ETF were worth $4,723,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its position in Invesco Preferred ETF by 517.1% during the first quarter. FMR LLC now owns 2,018 shares of the company’s stock worth $29,000 after purchasing an additional 1,691 shares during the period. BerganKDV Wealth Management LLC boosted its position in Invesco Preferred ETF by 316.7% during the second quarter. BerganKDV Wealth Management LLC now owns 3,621 shares of the company’s stock worth $53,000 after purchasing an additional 2,752 shares during the period. Gradient Investments LLC bought a new stake in Invesco Preferred ETF during the second quarter worth approximately $54,000. Synovus Financial Corp boosted its position in Invesco Preferred ETF by 251.5% during the second quarter. Synovus Financial Corp now owns 9,084 shares of the company’s stock worth $133,000 after purchasing an additional 6,500 shares during the period. Finally, Princeton Global Asset Management LLC bought a new stake in Invesco Preferred ETF during the first quarter worth approximately $131,000.
Shares of PGX traded down $0.12 during mid-day trading on Friday, hitting $14.83. The company’s stock had a trading volume of 55,842 shares, compared to its average volume of 2,032,525. Invesco Preferred ETF has a one year low of $13.12 and a one year high of $15.05. The stock’s 50-day moving average is $14.93 and its two-hundred day moving average is $14.67.
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.
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