Purus Wealth Management LLC Buys New Shares in Invesco Preferred ETF (NYSEARCA:PGX)

Purus Wealth Management LLC purchased a new stake in Invesco Preferred ETF (NYSEARCA:PGX) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 16,630 shares of the company’s stock, valued at approximately $192,000.

A number of other hedge funds also recently made changes to their positions in the stock. Sax Wealth Advisors LLC grew its holdings in shares of Invesco Preferred ETF by 7.0% during the 4th quarter. Sax Wealth Advisors LLC now owns 21,951 shares of the company’s stock worth $253,000 after purchasing an additional 1,440 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in Invesco Preferred ETF by 8.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 33,422 shares of the company’s stock valued at $385,000 after buying an additional 2,576 shares during the period. FF Advisors LLC lifted its position in Invesco Preferred ETF by 11.8% during the fourth quarter. FF Advisors LLC now owns 25,207 shares of the company’s stock valued at $296,000 after buying an additional 2,667 shares in the last quarter. StoneCrest Wealth Management Inc. grew its stake in Invesco Preferred ETF by 5.4% during the fourth quarter. StoneCrest Wealth Management Inc. now owns 187,357 shares of the company’s stock worth $2,160,000 after buying an additional 9,612 shares during the period. Finally, Advisors Management Group Inc. ADV increased its position in shares of Invesco Preferred ETF by 3.8% in the fourth quarter. Advisors Management Group Inc. ADV now owns 1,288,642 shares of the company’s stock worth $14,858,000 after acquiring an additional 47,652 shares in the last quarter.

Invesco Preferred ETF Price Performance

Shares of PGX stock opened at $11.63 on Monday. The company’s fifty day simple moving average is $11.75 and its 200-day simple moving average is $11.95. Invesco Preferred ETF has a 52 week low of $11.23 and a 52 week high of $12.54.

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.