Argus Investors Counsel Inc. Sells 3,837 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Argus Investors Counsel Inc. lessened its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 9.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,689 shares of the company’s stock after selling 3,837 shares during the period. Argus Investors Counsel Inc.’s holdings in Invesco Preferred ETF were worth $465,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of Invesco Preferred ETF during the second quarter worth approximately $35,000. Central Pacific Bank Trust Division purchased a new position in Invesco Preferred ETF during the first quarter valued at approximately $46,000. Private Ocean LLC purchased a new position in Invesco Preferred ETF during the first quarter valued at approximately $94,000. Consultiva Wealth Management CORP. purchased a new position in Invesco Preferred ETF during the first quarter valued at approximately $96,000. Finally, Calton & Associates Inc. purchased a new position in Invesco Preferred ETF during the third quarter valued at approximately $128,000.

Invesco Preferred ETF Price Performance

PGX stock remained flat at $12.23 during trading on Tuesday. 951,132 shares of the company traded hands, compared to its average volume of 3,389,775. The stock’s 50-day moving average price is $12.22 and its two-hundred day moving average price is $11.81. Invesco Preferred ETF has a 12 month low of $10.19 and a 12 month high of $12.54.

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.