Arete Wealth Advisors LLC Buys 3,164 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

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Arete Wealth Advisors LLC boosted its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 11.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,951 shares of the company’s stock after acquiring an additional 3,164 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Invesco Preferred ETF were worth $471,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Wells Fargo & Company MN increased its position in Invesco Preferred ETF by 1.6% during the third quarter. Wells Fargo & Company MN now owns 23,652,272 shares of the company’s stock valued at $348,398,000 after acquiring an additional 381,740 shares during the last quarter. Morgan Stanley increased its position in Invesco Preferred ETF by 10.9% during the third quarter. Morgan Stanley now owns 11,651,405 shares of the company’s stock valued at $171,625,000 after acquiring an additional 1,148,101 shares during the last quarter. Huntington National Bank increased its position in Invesco Preferred ETF by 23.5% during the fourth quarter. Huntington National Bank now owns 7,023,163 shares of the company’s stock valued at $107,173,000 after acquiring an additional 1,335,990 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Invesco Preferred ETF by 43.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,494,201 shares of the company’s stock valued at $22,802,000 after acquiring an additional 454,056 shares during the last quarter. Finally, WealthPLAN Partners LLC increased its position in Invesco Preferred ETF by 10.5% during the third quarter. WealthPLAN Partners LLC now owns 1,197,763 shares of the company’s stock valued at $17,919,000 after acquiring an additional 113,559 shares during the last quarter.

Shares of PGX opened at $14.75 on Friday. The business has a 50-day simple moving average of $14.95 and a two-hundred day simple moving average of $14.93. Invesco Preferred ETF has a 52 week low of $9.71 and a 52 week high of $15.28.

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.

See Also: Equal Weight Rating

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