Advisors Management Group Inc. ADV Cuts Stock Position in Invesco Preferred ETF $PGX

Advisors Management Group Inc. ADV reduced its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 9.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,404 shares of the company’s stock after selling 1,519 shares during the period. Advisors Management Group Inc. ADV’s holdings in Invesco Preferred ETF were worth $160,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Abound Wealth Management purchased a new position in shares of Invesco Preferred ETF during the 2nd quarter worth approximately $33,000. SVB Wealth LLC purchased a new position in shares of Invesco Preferred ETF in the 1st quarter valued at about $43,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Invesco Preferred ETF by 94.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,430 shares of the company’s stock worth $60,000 after buying an additional 2,637 shares in the last quarter. Harbour Investments Inc. increased its stake 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. Finally, LFA Lugano Financial Advisors SA raised its holdings in Invesco Preferred ETF by 382.5% in the first quarter. LFA Lugano Financial Advisors SA now owns 9,530 shares of the company’s stock valued at $107,000 after acquiring an additional 7,555 shares in the last quarter. 8.60% of the stock is currently owned by institutional investors and hedge funds.

Invesco Preferred ETF Stock Performance

NYSEARCA PGX opened at $11.66 on Friday. Invesco Preferred ETF has a 52 week low of $10.70 and a 52 week high of $12.52. The firm has a 50 day moving average of $11.50 and a two-hundred day moving average of $11.25.

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.