Flagstar Advisors Inc. Makes New Investment in Invesco Preferred ETF (NYSEARCA:PGX)

Flagstar Advisors Inc. bought a new position in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the third quarter, Holdings Channel.com reports. The fund bought 50,570 shares of the company’s stock, valued at approximately $625,000.

A number of other large investors have also recently made changes to their positions in PGX. Advisory Alpha LLC grew its stake in Invesco Preferred ETF by 0.6% during the 2nd quarter. Advisory Alpha LLC now owns 152,206 shares of the company’s stock worth $1,758,000 after buying an additional 914 shares during the last quarter. NBC Securities Inc. grew its position in shares of Invesco Preferred ETF by 2.8% during the third quarter. NBC Securities Inc. now owns 34,376 shares of the company’s stock worth $424,000 after acquiring an additional 950 shares during the last quarter. Oxbow Advisors LLC raised its position in Invesco Preferred ETF by 5.6% in the 2nd quarter. Oxbow Advisors LLC now owns 22,494 shares of the company’s stock valued at $260,000 after purchasing an additional 1,199 shares during the last quarter. Argus Investors Counsel Inc. boosted its stake in Invesco Preferred ETF by 3.1% during the 2nd quarter. Argus Investors Counsel Inc. now owns 41,526 shares of the company’s stock worth $480,000 after purchasing an additional 1,237 shares during the period. Finally, Wagner Wealth Management LLC grew its position in Invesco Preferred ETF by 2.1% during the 3rd quarter. Wagner Wealth Management LLC now owns 59,817 shares of the company’s stock worth $739,000 after purchasing an additional 1,239 shares during the last quarter.

Invesco Preferred ETF Stock Performance

NYSEARCA PGX opened at $11.95 on Friday. The firm’s fifty day moving average is $12.27 and its two-hundred day moving average is $11.90. Invesco Preferred ETF has a one year low of $10.91 and a one year high of $12.54.

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.