Invesco Preferred ETF $PGX Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 7.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 464,815 shares of the company’s stock after selling 38,057 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.13% of Invesco Preferred ETF worth $5,238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SVB Wealth LLC acquired a new position in Invesco Preferred ETF in the first quarter valued at approximately $43,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Invesco Preferred ETF by 94.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,430 shares of the company’s stock valued at $60,000 after acquiring an additional 2,637 shares during the period. Harbour Investments Inc. boosted 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 buying an additional 1,161 shares during the period. Ameriflex Group Inc. acquired a new position in shares of Invesco Preferred ETF during the fourth quarter worth approximately $91,000. Finally, LFA Lugano Financial Advisors SA boosted 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 buying an additional 7,555 shares during the period. 8.60% of the stock is currently owned by institutional investors and hedge funds.

Invesco Preferred ETF Trading Down 0.3%

Shares of NYSEARCA PGX opened at $11.70 on Thursday. The stock has a 50 day simple moving average of $11.48 and a 200-day simple moving average of $11.25. Invesco Preferred ETF has a 12-month low of $10.70 and a 12-month high of $12.52.

About Invesco Preferred ETF

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.