Invesco Preferred ETF $PGX Shares Sold by Madison Wealth Partners Inc

Madison Wealth Partners Inc decreased its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 21.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,395 shares of the company’s stock after selling 19,705 shares during the quarter. Madison Wealth Partners Inc’s holdings in Invesco Preferred ETF were worth $783,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PGX. Abound Wealth Management purchased a new position in Invesco Preferred ETF in the 2nd quarter valued at $33,000. SVB Wealth LLC purchased a new position in Invesco Preferred ETF in the 1st quarter valued at $43,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Invesco Preferred ETF by 94.4% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,430 shares of the company’s stock valued at $60,000 after purchasing an additional 2,637 shares in the last quarter. Harbour Investments Inc. lifted its holdings in Invesco Preferred ETF by 25.5% in the 1st quarter. Harbour Investments Inc. now owns 5,720 shares of the company’s stock valued at $64,000 after purchasing an additional 1,161 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA lifted its holdings in Invesco Preferred ETF by 382.5% in the 1st quarter. LFA Lugano Financial Advisors SA now owns 9,530 shares of the company’s stock valued at $107,000 after purchasing an additional 7,555 shares in the last quarter. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Trading Up 0.1%

NYSEARCA PGX opened at $11.55 on Monday. Invesco Preferred ETF has a 52 week low of $10.70 and a 52 week high of $12.50. The business’s fifty day simple moving average is $11.61 and its 200-day simple moving average is $11.27.

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.