Evoke Wealth LLC Cuts Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Evoke Wealth LLC cut its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGXFree Report) by 34.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,848 shares of the company’s stock after selling 10,468 shares during the quarter. Evoke Wealth LLC’s holdings in Invesco Preferred ETF were worth $228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Focus Financial Network Inc. ADV acquired a new position in shares of Invesco Preferred ETF during the 4th quarter worth about $433,000. Stifel Financial Corp increased its holdings in shares of Invesco Preferred ETF by 7.1% in the fourth quarter. Stifel Financial Corp now owns 440,480 shares of the company’s stock valued at $5,052,000 after purchasing an additional 29,322 shares during the period. CAP Partners LLC purchased a new position in Invesco Preferred ETF in the 4th quarter valued at $199,000. Nations Financial Group Inc. IA ADV increased its stake in Invesco Preferred ETF by 11.3% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 43,621 shares of the company’s stock valued at $500,000 after buying an additional 4,428 shares during the period. Finally, D.A. Davidson & CO. raised its position in Invesco Preferred ETF by 1.7% during the 4th quarter. D.A. Davidson & CO. now owns 75,587 shares of the company’s stock worth $867,000 after buying an additional 1,268 shares during the last quarter.

Invesco Preferred ETF Trading Up 1.0 %

NYSEARCA PGX opened at $11.67 on Tuesday. The business’s 50 day moving average is $11.57 and its two-hundred day moving average is $11.59. Invesco Preferred ETF has a 12-month low of $10.14 and a 12-month high of $12.06.

About Invesco Preferred ETF

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Invesco Preferred ETF (NYSEARCA:PGX)

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