Cascade Financial Partners LLC Cuts Stock Position in Invesco Preferred ETF $PGX

Cascade Financial Partners LLC trimmed its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 37.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,565 shares of the company’s stock after selling 76,913 shares during the period. Cascade Financial Partners LLC’s holdings in Invesco Preferred ETF were worth $1,468,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PGX. Spectrum Asset Management Inc. raised its position in shares of Invesco Preferred ETF by 28.4% during the 2nd quarter. Spectrum Asset Management Inc. now owns 4,669,495 shares of the company’s stock worth $51,972,000 after purchasing an additional 1,033,904 shares during the last quarter. Cary Street Partners Financial LLC increased its stake in Invesco Preferred ETF by 739.4% during the 2nd quarter. Cary Street Partners Financial LLC now owns 1,034,211 shares of the company’s stock worth $11,511,000 after buying an additional 911,001 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Invesco Preferred ETF by 21.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,139,050 shares of the company’s stock worth $46,068,000 after buying an additional 728,924 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Invesco Preferred ETF by 57.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,874,427 shares of the company’s stock valued at $21,031,000 after acquiring an additional 683,754 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Invesco Preferred ETF in the second quarter valued at approximately $4,964,000. Institutional investors and hedge funds own 8.60% of the company’s stock.

Invesco Preferred ETF Price Performance

Shares of NYSEARCA:PGX opened at $11.24 on Friday. The business’s 50 day moving average price is $11.33 and its 200-day moving average price is $11.40. Invesco Preferred ETF has a 1 year low of $10.70 and a 1 year high of $11.92.

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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.