HighTower Advisors LLC Sells 75,199 Shares of Invesco Preferred ETF $PGX

HighTower Advisors LLC reduced its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 38.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 118,591 shares of the company’s stock after selling 75,199 shares during the period. HighTower Advisors LLC’s holdings in Invesco Preferred ETF were worth $1,331,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PGX. Tower Research Capital LLC TRC increased its position in shares of Invesco Preferred ETF by 52.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,940 shares of the company’s stock worth $45,000 after acquiring an additional 1,360 shares in the last quarter. Harbour Investments Inc. increased its position in shares of Invesco Preferred ETF by 25.5% during the first quarter. Harbour Investments Inc. now owns 5,720 shares of the company’s stock worth $64,000 after acquiring an additional 1,161 shares in the last quarter. Ameriflex Group Inc. bought a new stake in shares of Invesco Preferred ETF during the fourth quarter worth about $91,000. Fourth Dimension Wealth LLC bought a new stake in shares of Invesco Preferred ETF during the fourth quarter worth about $104,000. Finally, LFA Lugano Financial Advisors SA increased its position in shares of Invesco Preferred ETF by 382.5% during the first quarter. LFA Lugano Financial Advisors SA now owns 9,530 shares of the company’s stock worth $107,000 after acquiring an additional 7,555 shares in the last quarter. 8.60% of the stock is owned by institutional investors.

Invesco Preferred ETF Price Performance

NYSEARCA:PGX opened at $11.52 on Tuesday. The firm has a 50-day moving average of $11.26 and a 200-day moving average of $11.23. Invesco Preferred ETF has a one year low of $10.70 and a one 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.