Invesco Preferred ETF $PGX Shares Sold by Focus Partners Wealth

Focus Partners Wealth trimmed its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 357,673 shares of the company’s stock after selling 21,827 shares during the quarter. Focus Partners Wealth owned about 0.10% of Invesco Preferred ETF worth $4,013,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of PGX. SVB Wealth LLC purchased a new position in Invesco Preferred ETF in the 1st quarter worth approximately $43,000. Harbour Investments Inc. increased its holdings in shares of Invesco Preferred ETF by 25.5% during the 1st quarter. Harbour Investments Inc. now owns 5,720 shares of the company’s stock worth $64,000 after buying an additional 1,161 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in shares of Invesco Preferred ETF during the 4th quarter worth approximately $91,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Invesco Preferred ETF during the 4th quarter worth approximately $104,000. Finally, LFA Lugano Financial Advisors SA increased its holdings in shares of Invesco Preferred ETF by 382.5% during the 1st quarter. LFA Lugano Financial Advisors SA now owns 9,530 shares of the company’s stock worth $107,000 after buying an additional 7,555 shares during the last quarter. 8.60% of the stock is owned by hedge funds and other institutional investors.

Invesco Preferred ETF Stock Performance

Shares of NYSEARCA PGX opened at $11.86 on Tuesday. The company has a 50 day simple moving average of $11.41 and a 200-day simple moving average of $11.23. Invesco Preferred ETF has a 1 year low of $10.70 and a 1 year 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.