GAMMA Investing LLC Sells 26,991 Shares of Invesco Preferred ETF $PGX

GAMMA Investing LLC lessened its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 76.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,255 shares of the company’s stock after selling 26,991 shares during the quarter. GAMMA Investing LLC’s holdings in Invesco Preferred ETF were worth $92,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. LPL Financial LLC increased its holdings in Invesco Preferred ETF by 3.3% in the 1st quarter. LPL Financial LLC now owns 15,193,057 shares of the company’s stock valued at $170,466,000 after buying an additional 486,697 shares during the period. Raymond James Financial Inc. increased its holdings in Invesco Preferred ETF by 8.1% in the 1st quarter. Raymond James Financial Inc. now owns 2,769,857 shares of the company’s stock valued at $31,078,000 after buying an additional 208,107 shares during the period. Allworth Financial LP increased its holdings in Invesco Preferred ETF by 4.7% in the 1st quarter. Allworth Financial LP now owns 2,627,449 shares of the company’s stock valued at $29,086,000 after buying an additional 118,251 shares during the period. Goldman Sachs Group Inc. increased its holdings in Invesco Preferred ETF by 57.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,874,427 shares of the company’s stock valued at $21,031,000 after buying an additional 683,754 shares during the period. Finally, Checchi Capital Advisers LLC increased its holdings in Invesco Preferred ETF by 20.9% in the 1st quarter. Checchi Capital Advisers LLC now owns 1,393,688 shares of the company’s stock valued at $15,637,000 after buying an additional 240,963 shares during the period. Institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Price Performance

Shares of Invesco Preferred ETF stock opened at $11.73 on Friday. Invesco Preferred ETF has a 52-week low of $10.70 and a 52-week high of $12.52. The company’s fifty day moving average price is $11.54 and its two-hundred day moving average price is $11.25.

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.