Envestnet Asset Management Inc. Sells 141,182 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Envestnet Asset Management Inc. trimmed its position in Invesco Preferred ETF (NYSEARCA:PGX) by 14.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 811,128 shares of the company’s stock after selling 141,182 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.22% of Invesco Preferred ETF worth $9,101,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bernard Wealth Management Corp. bought a new stake in shares of Invesco Preferred ETF in the fourth quarter valued at about $26,000. Tower Research Capital LLC TRC boosted its holdings in Invesco Preferred ETF by 52.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,940 shares of the company’s stock valued at $45,000 after purchasing an additional 1,360 shares during the period. Strategic Investment Solutions Inc. IL boosted its holdings in Invesco Preferred ETF by 42.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 4,027 shares of the company’s stock valued at $46,000 after purchasing an additional 1,191 shares during the period. Millstone Evans Group LLC acquired a new position in shares of Invesco Preferred ETF during the 4th quarter worth approximately $50,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Invesco Preferred ETF during the 4th quarter worth approximately $91,000. 8.60% of the stock is owned by institutional investors.

Invesco Preferred ETF Trading Down 0.6%

NYSEARCA PGX opened at $11.17 on Tuesday. The firm’s 50 day simple moving average is $11.09 and its 200 day simple moving average is $11.27. Invesco Preferred ETF has a 1 year low of $10.70 and a 1 year high of $12.54.

Invesco Preferred ETF 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.