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

AE Wealth Management LLC lessened its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 80.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,119 shares of the company’s stock after selling 64,693 shares during the quarter. AE Wealth Management LLC’s holdings in Invesco Preferred ETF were worth $179,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Leading Edge Financial Planning LLC acquired a new position in shares of Invesco Preferred ETF during the 2nd quarter valued at about $154,000. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in Invesco Preferred ETF during the first quarter worth about $173,000. Harbour Investments Inc. raised 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 during the period. Belpointe Asset Management LLC raised its stake in Invesco Preferred ETF by 120.7% during the first quarter. Belpointe Asset Management LLC now owns 53,149 shares of the company’s stock worth $596,000 after purchasing an additional 29,066 shares during the period. Finally, Park Avenue Securities LLC acquired a new position in Invesco Preferred ETF in the 2nd quarter valued at about $420,000. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Down 0.6%

PGX stock opened at $11.29 on Tuesday. Invesco Preferred ETF has a one year low of $10.70 and a one year high of $12.07. The firm’s 50 day moving average price is $11.61 and its 200-day moving average price is $11.35.

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.