Commonwealth Equity Services LLC Sells 88,622 Shares of Invesco Preferred ETF $PGX

Commonwealth Equity Services LLC lowered its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,312,229 shares of the company’s stock after selling 88,622 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.39% of Invesco Preferred ETF worth $15,222,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Spectrum Asset Management Inc. increased its position in Invesco Preferred ETF by 28.4% in the second 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. JPMorgan Chase & Co. grew its stake in Invesco Preferred ETF by 21.4% in the second quarter. JPMorgan Chase & Co. now owns 4,139,050 shares of the company’s stock valued at $46,068,000 after purchasing an additional 728,924 shares during the last quarter. Allworth Financial LP boosted its position in shares of Invesco Preferred ETF by 8.4% in the 2nd quarter. Allworth Financial LP now owns 2,848,588 shares of the company’s stock worth $31,705,000 after purchasing an additional 221,139 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Invesco Preferred ETF by 57.4% during 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 in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of Invesco Preferred ETF by 3.9% in the second quarter. Osaic Holdings Inc. now owns 1,751,764 shares of the company’s stock worth $19,498,000 after buying an additional 65,918 shares during the last quarter. 8.60% of the stock is owned by hedge funds and other institutional investors.

Invesco Preferred ETF Trading Up 0.2%

Invesco Preferred ETF stock opened at $11.34 on Friday. Invesco Preferred ETF has a fifty-two week low of $10.70 and a fifty-two week high of $11.92. The business’s 50-day simple moving average is $11.30 and its two-hundred day simple moving average is $11.41.

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.