KCM Investment Advisors LLC Grows Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

KCM Investment Advisors LLC lifted its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 5.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 804,586 shares of the company’s stock after buying an additional 44,929 shares during the quarter. KCM Investment Advisors LLC’s holdings in Invesco Preferred ETF were worth $12,077,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Colony Group LLC raised its position in shares of Invesco Preferred ETF by 146.9% during the 4th quarter. Colony Group LLC now owns 629,769 shares of the company’s stock valued at $9,453,000 after buying an additional 374,651 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Invesco Preferred ETF by 47.6% during the 4th quarter. Baird Financial Group Inc. now owns 173,397 shares of the company’s stock valued at $2,603,000 after purchasing an additional 55,958 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in Invesco Preferred ETF by 18.3% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 768,934 shares of the company’s stock valued at $11,549,000 after purchasing an additional 119,048 shares during the last quarter. Orion Portfolio Solutions LLC bought a new position in Invesco Preferred ETF during the 4th quarter valued at about $789,000. Finally, B. Riley Wealth Management Inc. grew its holdings in Invesco Preferred ETF by 4.8% during the 4th quarter. B. Riley Wealth Management Inc. now owns 55,977 shares of the company’s stock valued at $840,000 after purchasing an additional 2,558 shares during the last quarter.

NYSEARCA:PGX traded up $0.59 during mid-day trading on Thursday, hitting $13.21. 113,171 shares of the stock traded hands, compared to its average volume of 5,294,364. Invesco Preferred ETF has a 52 week low of $9.71 and a 52 week high of $15.28. The firm’s 50 day moving average is $14.18 and its two-hundred day moving average is $14.77.

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.

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Institutional Ownership by Quarter for Invesco Preferred ETF (NYSEARCA:PGX)

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