Dynamic Advisor Solutions LLC holds $133,000 position in Invesco Preferred ETF (NYSEARCA:PGX)

Dynamic Advisor Solutions LLC bought a new stake in shares of Invesco Preferred ETF (NYSEARCA:PGX – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,480 shares of the company’s stock, valued at approximately $133,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Granite Bay Wealth Management LLC purchased a new position in shares of Invesco Preferred ETF in the second quarter valued at $1,766,000. RFG Advisory LLC boosted its position in shares of Invesco Preferred ETF by 8.5% in the second quarter. RFG Advisory LLC now owns 483,631 shares of the company’s stock valued at $5,586,000 after buying an additional 38,027 shares during the period. Sound Income Strategies LLC boosted its position in shares of Invesco Preferred ETF by 8.2% in the second quarter. Sound Income Strategies LLC now owns 422,794 shares of the company’s stock valued at $4,883,000 after purchasing an additional 31,969 shares during the period. Sax Wealth Advisors LLC boosted its position in shares of Invesco Preferred ETF by 9.4% in the second quarter. Sax Wealth Advisors LLC now owns 17,565 shares of the company’s stock valued at $203,000 after purchasing an additional 1,510 shares during the period. Finally, Worth Asset Management LLC boosted its position in shares of Invesco Preferred ETF by 42.6% in the 2nd quarter. Worth Asset Management LLC now owns 44,117 shares of the company’s stock valued at $510,000 after buying an additional 13,171 shares during the period.

Invesco Preferred ETF Price Performance

Shares of Invesco Preferred ETF stock opened at $11.81 on Friday. The stock has a 50-day moving average price of $11.66 and a 200-day moving average price of $11.68. Invesco Preferred ETF has a one year low of $10.14 and a one year high of $12.06.

About Invesco Preferred ETF

(Free Report)

The PowerShares Preferred Portfolio (Fund) is based on the BofA Merrill Lynch Core Fixed Rate Preferred Securities Index (Index). The Fund normally invests at least 90% of its total assets in securities comprising the Index. The index is designed to replicate the total return of a diversified pool of investment grade preferred securities.

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