Albion Financial Group UT Increases Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Albion Financial Group UT lifted its position in Invesco Preferred ETF (NYSEARCA:PGX) by 8.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,024 shares of the company’s stock after purchasing an additional 7,662 shares during the quarter. Albion Financial Group UT’s holdings in Invesco Preferred ETF were worth $1,141,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PGX. Citigroup Inc. lifted its stake in shares of Invesco Preferred ETF by 9.2% during the 3rd quarter. Citigroup Inc. now owns 38,046 shares of the company’s stock worth $417,000 after acquiring an additional 3,202 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Invesco Preferred ETF by 2.4% during the 3rd quarter. Stifel Financial Corp now owns 411,158 shares of the company’s stock worth $4,502,000 after acquiring an additional 9,825 shares during the last quarter. Shepherd Kaplan Krochuk LLC lifted its stake in shares of Invesco Preferred ETF by 3.0% during the 3rd quarter. Shepherd Kaplan Krochuk LLC now owns 165,935 shares of the company’s stock worth $1,817,000 after acquiring an additional 4,877 shares during the last quarter. Consultiva Wealth Management CORP. bought a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth approximately $89,000. Finally, WealthPlan Investment Management LLC lifted its stake in shares of Invesco Preferred ETF by 4,930.3% during the 3rd quarter. WealthPlan Investment Management LLC now owns 24,598 shares of the company’s stock worth $269,000 after acquiring an additional 24,109 shares during the last quarter.

Invesco Preferred ETF Trading Up 0.9 %

PGX traded up $0.11 during trading on Wednesday, hitting $11.69. 2,489,474 shares of the stock were exchanged, compared to its average volume of 3,473,791. The firm has a 50 day simple moving average of $11.54 and a 200 day simple moving average of $11.65. Invesco Preferred ETF has a 1 year low of $10.14 and a 1 year high of $12.06.

About Invesco Preferred ETF

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.