Invesco Preferred ETF $PGX Shares Sold by Wagner Wealth Management LLC

Wagner Wealth Management LLC trimmed its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 5.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,042 shares of the company’s stock after selling 3,778 shares during the period. Wagner Wealth Management LLC’s holdings in Invesco Preferred ETF were worth $679,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Abound Wealth Management acquired a new position in Invesco Preferred ETF during the second quarter worth $33,000. SVB Wealth LLC acquired a new position in Invesco Preferred ETF during the first quarter worth $43,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in 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 purchasing an additional 2,637 shares in the last quarter. Harbour Investments Inc. lifted its stake in 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 purchasing an additional 1,161 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA lifted its stake in 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 purchasing 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. The stock’s fifty day moving average is $11.50 and its two-hundred day moving average is $11.25. Invesco Preferred ETF has a 52 week low of $10.70 and a 52 week high of $12.52.

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.