Wilmington Savings Fund Society FSB Acquires New Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

In the third quarter, Wilmington Savings Fund Society FSB made a notable investment by acquiring a new position in shares of the Invesco Preferred ETF (NYSEARCA:PGX) as reported in their latest 13F filing with the Securities and Exchange Commission (SEC). This fund purchased 2,525 shares of PGX, which had an approximate value of $31,000.

In addition to Wilmington Savings Fund Society, several other institutional investors and hedge funds have also recently adjusted their stakes in Invesco Preferred ETF. For instance, Raymond James & Associates increased its holdings of PGX by 4.1% during the second quarter. They now own 925,476 shares valued at $10,689,000 after buying an additional 36,524 shares.

Furthermore, Principal Financial Group Inc. acquired a new stake in PGX valued at roughly $149,000 in the same period. Commonwealth Equity Services LLC enhanced its position by 11.8%, owning 1,192,875 shares worth $13,778,000 after obtaining an additional 126,034 shares. Meanwhile, Duncker Streett & Co. Inc. expanded its investment in PGX by 22.2%, now holding 11,000 shares valued at $127,000 after acquiring 2,000 more shares.

Advisors Management Group Inc. ADV also raised its holdings in the Invesco Preferred ETF by 4.9%, bringing its total to 1,207,586 shares valued at $13,948,000 after acquiring an additional 56,945 shares.

Invesco Preferred ETF Stock Performance

The stock for PGX opened at $11.52 on a recent Tuesday. Over the past year, Invesco Preferred ETF has seen a low of $11.23 and a high of $12.54. Currently, the fifty-day simple moving average stands at $12.02, and the 200-day simple moving average is at $11.95.

Invesco Preferred ETF Company Profile

The Invesco Preferred ETF, also known as the PowerShares Preferred Portfolio, is designed to track the performance of The BofA Merrill Lynch Core Fixed Rate Preferred Securities Index. This index seeks to produce the total return of a diverse collection of investment-grade preferred securities, typically investing at least 90% of its total assets in securities that make up the index.

Additional Information

For those interested in seeing what other hedge funds hold shares in the Invesco Preferred ETF, resources are available online where the latest 13F filings and insider trades can be accessed.

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Wilmington, Investment, ETF