Farther Finance Advisors LLC Sells 2,717 Shares of Invesco Preferred ETF $PGX

Farther Finance Advisors LLC trimmed its position in Invesco Preferred ETF (NYSEARCA:PGX) by 10.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,085 shares of the company’s stock after selling 2,717 shares during the period. Farther Finance Advisors LLC’s holdings in Invesco Preferred ETF were worth $268,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PGX. Brighton Jones LLC bought a new stake in shares of Invesco Preferred ETF in the fourth quarter valued at about $626,000. Wealth Enhancement Advisory Services LLC raised its holdings in Invesco Preferred ETF by 257.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 524,158 shares of the company’s stock worth $6,044,000 after acquiring an additional 377,325 shares in the last quarter. GAMMA Investing LLC raised its holdings in Invesco Preferred ETF by 1,328.8% during the first quarter. GAMMA Investing LLC now owns 395,460 shares of the company’s stock worth $44,370,000 after acquiring an additional 367,783 shares in the last quarter. NBC Securities Inc. raised its holdings in Invesco Preferred ETF by 110,046.9% during the first quarter. NBC Securities Inc. now owns 35,247 shares of the company’s stock worth $395,000 after acquiring an additional 35,215 shares in the last quarter. Finally, RFG Advisory LLC raised its holdings in Invesco Preferred ETF by 12.7% during the first quarter. RFG Advisory LLC now owns 550,221 shares of the company’s stock worth $6,173,000 after acquiring an additional 62,001 shares in the last quarter. 8.60% of the stock is currently owned by institutional investors.

Invesco Preferred ETF Trading Down 0.5%

PGX opened at $11.60 on Wednesday. Invesco Preferred ETF has a 52-week low of $10.70 and a 52-week high of $12.52. The business’s 50-day simple moving average is $11.52 and its 200 day simple moving average is $11.25.

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.