Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC decreased its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 4.3% in the 3rd quarter, Holdings Channel reports. The firm owned 84,195 shares of the company’s stock after selling 3,781 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Invesco Preferred ETF were worth $1,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the business. LPL Financial LLC raised its stake in Invesco Preferred ETF by 9.7% during the second quarter. LPL Financial LLC now owns 13,579,206 shares of the company’s stock worth $156,840,000 after acquiring an additional 1,197,584 shares during the period. Apollon Wealth Management LLC raised its position in shares of Invesco Preferred ETF by 2,034.9% during the 2nd quarter. Apollon Wealth Management LLC now owns 2,439,962 shares of the company’s stock worth $28,182,000 after purchasing an additional 2,325,672 shares during the period. Osaic Holdings Inc. boosted its position in Invesco Preferred ETF by 10.4% during the 1st quarter. Osaic Holdings Inc. now owns 2,027,101 shares of the company’s stock valued at $24,083,000 after purchasing an additional 191,636 shares during the period. ACT Advisors LLC. bought a new position in Invesco Preferred ETF during the 3rd quarter worth $17,368,000. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Invesco Preferred ETF by 4.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,382,375 shares of the company’s stock worth $15,966,000 after buying an additional 64,346 shares during the last quarter.

Invesco Preferred ETF Trading Down 0.2 %

PGX stock opened at $12.20 on Friday. Invesco Preferred ETF has a 1 year low of $10.19 and a 1 year high of $12.54. The stock’s fifty day moving average is $12.26 and its two-hundred day moving average is $11.82.

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.