Sheaff Brock Investment Advisors LLC Purchases 2,946 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Sheaff Brock Investment Advisors LLC increased its position in Invesco Preferred ETF (NYSEARCA:PGX) by 11.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,433 shares of the company’s stock after buying an additional 2,946 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Invesco Preferred ETF were worth $351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of PGX. Oppenheimer & Co. Inc. boosted its position in Invesco Preferred ETF by 4.4% during the third quarter. Oppenheimer & Co. Inc. now owns 210,981 shares of the company’s stock valued at $2,606,000 after buying an additional 8,886 shares during the period. Pinnacle Financial Partners Inc purchased a new stake in Invesco Preferred ETF during the 3rd quarter valued at about $185,000. Tyler Stone Wealth Management grew its position in Invesco Preferred ETF by 101.4% during the 3rd quarter. Tyler Stone Wealth Management now owns 15,825 shares of the company’s stock worth $195,000 after acquiring an additional 7,967 shares during the last quarter. Baker Avenue Asset Management LP increased its stake in Invesco Preferred ETF by 5.8% in the 3rd quarter. Baker Avenue Asset Management LP now owns 226,828 shares of the company’s stock worth $2,801,000 after purchasing an additional 12,357 shares during the period. Finally, Sigma Planning Corp lifted its position in Invesco Preferred ETF by 29.4% in the third quarter. Sigma Planning Corp now owns 151,479 shares of the company’s stock valued at $1,871,000 after purchasing an additional 34,390 shares during the last quarter.

Invesco Preferred ETF Stock Performance

Shares of Invesco Preferred ETF stock opened at $12.02 on Friday. Invesco Preferred ETF has a 52-week low of $10.84 and a 52-week high of $12.54. The company’s 50 day moving average price is $12.29 and its 200-day moving average price is $11.89.

Invesco Preferred ETF Profile

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.