Invesco Preferred ETF $PGX Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC lowered its position in Invesco Preferred ETF (NYSEARCA:PGX) by 13.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,345,619 shares of the company’s stock after selling 205,288 shares during the quarter. Invesco Preferred ETF comprises about 0.8% of Checchi Capital Advisers LLC’s holdings, making the stock its 24th biggest holding. Checchi Capital Advisers LLC owned approximately 0.38% of Invesco Preferred ETF worth $15,125,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Friedenthal Financial grew its stake in shares of Invesco Preferred ETF by 4.2% in the 4th quarter. Friedenthal Financial now owns 29,051 shares of the company’s stock valued at $327,000 after buying an additional 1,158 shares during the period. Jackson Grant Investment Advisers Inc. raised its position in shares of Invesco Preferred ETF by 154.0% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 116,840 shares of the company’s stock valued at $1,313,000 after buying an additional 70,847 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Invesco Preferred ETF in the fourth quarter valued at approximately $506,000. Provenance Wealth Advisors LLC lifted its holdings in Invesco Preferred ETF by 55.2% in the fourth quarter. Provenance Wealth Advisors LLC now owns 8,677 shares of the company’s stock valued at $98,000 after acquiring an additional 3,086 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its position in Invesco Preferred ETF by 8.0% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 23,505 shares of the company’s stock worth $264,000 after acquiring an additional 1,750 shares during the period. 8.60% of the stock is currently owned by institutional investors and hedge funds.

Invesco Preferred ETF Price Performance

PGX stock opened at $11.16 on Tuesday. The business has a fifty day moving average of $11.22 and a two-hundred day moving average of $11.32. Invesco Preferred ETF has a 52-week low of $10.80 and a 52-week 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.