Focus Financial Network Inc. Reduces Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Focus Financial Network Inc. lowered its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 11.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,236 shares of the company’s stock after selling 3,410 shares during the period. Focus Financial Network Inc.’s holdings in Invesco Preferred ETF were worth $321,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Central Pacific Bank Trust Division purchased a new stake in shares of Invesco Preferred ETF in the 1st quarter worth about $46,000. Headlands Technologies LLC lifted its position in shares of Invesco Preferred ETF by 712.3% in the 4th quarter. Headlands Technologies LLC now owns 7,278 shares of the company’s stock worth $83,000 after purchasing an additional 6,382 shares during the period. Private Ocean LLC purchased a new stake in shares of Invesco Preferred ETF in the 1st quarter worth about $94,000. Consultiva Wealth Management CORP. purchased a new stake in shares of Invesco Preferred ETF in the 1st quarter worth about $96,000. Finally, Capital Investment Advisory Services LLC lifted its position in shares of Invesco Preferred ETF by 13.4% in the 4th quarter. Capital Investment Advisory Services LLC now owns 8,467 shares of the company’s stock worth $97,000 after purchasing an additional 1,003 shares during the period.

Invesco Preferred ETF Trading Up 0.4 %

Shares of NYSEARCA:PGX traded up $0.05 on Wednesday, hitting $11.94. The company had a trading volume of 1,322,944 shares, compared to its average volume of 3,478,882. The firm’s 50-day simple moving average is $11.68 and its two-hundred day simple moving average is $11.68. Invesco Preferred ETF has a 1 year low of $10.14 and a 1 year high of $12.06.

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.