Blackston Financial Advisory Group LLC Buys New Stake in Invesco Preferred ETF (NYSEARCA:PGX)

Blackston Financial Advisory Group LLC purchased a new stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 16,095 shares of the company’s stock, valued at approximately $199,000.

Other hedge funds have also bought and sold shares of the company. Financial Insights Inc. purchased a new position in Invesco Preferred ETF during the third quarter valued at $175,000. Eastern Bank purchased a new position in Invesco Preferred ETF during the third quarter worth about $37,000. Calton & Associates Inc. acquired a new stake in shares of Invesco Preferred ETF during the third quarter valued at about $128,000. Foundations Investment Advisors LLC acquired a new stake in shares of Invesco Preferred ETF during the third quarter valued at about $604,000. Finally, Crew Capital Management Ltd. increased its position in shares of Invesco Preferred ETF by 11.2% during the third quarter. Crew Capital Management Ltd. now owns 81,130 shares of the company’s stock valued at $1,002,000 after acquiring an additional 8,192 shares during the last quarter.

Invesco Preferred ETF Stock Performance

Shares of PGX stock opened at $12.20 on Friday. Invesco Preferred ETF has a fifty-two week low of $10.19 and a fifty-two week high of $12.54. The company has a 50 day moving average price of $12.26 and a 200 day moving average price of $11.82.

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.