Private Advisor Group LLC Lowers Stake in Invesco Preferred ETF (NYSEARCA:PGX)

Private Advisor Group LLC lessened its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 22.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 719,916 shares of the company’s stock after selling 214,153 shares during the period. Private Advisor Group LLC owned about 0.17% of Invesco Preferred ETF worth $8,257,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. LPL Financial LLC raised its holdings in Invesco Preferred ETF by 12.2% in the 3rd quarter. LPL Financial LLC now owns 14,641,628 shares of the company’s stock valued at $160,326,000 after acquiring an additional 1,587,869 shares during the last quarter. Community Financial Services Group LLC purchased a new stake in shares of Invesco Preferred ETF in the 3rd quarter valued at approximately $9,441,000. Spectrum Asset Management Inc. raised its position in shares of Invesco Preferred ETF by 30.2% during the 4th quarter. Spectrum Asset Management Inc. now owns 3,694,150 shares of the company’s stock valued at $42,376,000 after buying an additional 857,423 shares during the period. International Assets Investment Management LLC acquired a new stake in Invesco Preferred ETF during the fourth quarter worth $5,110,000. Finally, Noesis Capital Mangement Corp lifted its position in Invesco Preferred ETF by 519.3% in the fourth quarter. Noesis Capital Mangement Corp now owns 433,070 shares of the company’s stock valued at $4,967,000 after buying an additional 363,141 shares during the last quarter.

Invesco Preferred ETF Stock Down 0.2 %

NYSEARCA PGX traded down $0.02 during trading on Wednesday, reaching $11.58. 643,779 shares of the company’s stock were exchanged, compared to its average volume of 3,766,372. Invesco Preferred ETF has a 1 year low of $10.14 and a 1 year high of $12.06. The company has a 50 day moving average price of $11.73 and a two-hundred day moving average price of $11.48.

Invesco Preferred ETF Company 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.