Gradient Investments LLC bought a new stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,717 shares of the company’s stock, valued at approximately $54,000.

Other institutional investors also recently added to or reduced their stakes in the company. CNB Bank grew its stake in shares of Invesco Preferred ETF by 7.1% in the 1st quarter. CNB Bank now owns 10,527 shares of the company’s stock worth $153,000 after purchasing an additional 700 shares during the last quarter. Good Life Advisors LLC grew its stake in shares of Invesco Preferred ETF by 5.1% in the 1st quarter. Good Life Advisors LLC now owns 14,946 shares of the company’s stock worth $219,000 after purchasing an additional 732 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Invesco Preferred ETF by 1.1% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 78,114 shares of the company’s stock worth $1,132,000 after purchasing an additional 833 shares during the last quarter. Boothe Investment Group Inc. grew its stake in shares of Invesco Preferred ETF by 1.2% in the 2nd quarter. Boothe Investment Group Inc. now owns 72,684 shares of the company’s stock worth $1,063,000 after purchasing an additional 892 shares during the last quarter. Finally, Iowa State Bank grew its stake in shares of Invesco Preferred ETF by 0.3% in the 1st quarter. Iowa State Bank now owns 323,970 shares of the company’s stock worth $4,698,000 after purchasing an additional 974 shares during the last quarter.

Shares of PGX opened at $14.85 on Friday. The stock has a 50 day simple moving average of $14.72. Invesco Preferred ETF has a 12-month low of $13.12 and a 12-month high of $14.89.

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.

Further Reading: Cash Flow Analysis in Stock Selection

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Institutional Ownership by Quarter for Invesco Preferred ETF (NYSEARCA:PGX)

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