Raymond James Trust N.A. Reduces Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Raymond James Trust N.A. trimmed its position in Invesco Preferred ETF (NYSEARCA:PGX) by 23.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,148 shares of the company’s stock after selling 5,396 shares during the period. Raymond James Trust N.A.’s holdings in Invesco Preferred ETF were worth $212,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. LPL Financial LLC grew its holdings in Invesco Preferred ETF by 9.7% during the 2nd 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 in the last quarter. Allworth Financial LP lifted its position in shares of Invesco Preferred ETF by 4.3% in the 3rd quarter. Allworth Financial LP now owns 3,588,261 shares of the company’s stock valued at $44,315,000 after acquiring an additional 148,476 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in shares of Invesco Preferred ETF by 2,034.9% in the 2nd quarter. Apollon Wealth Management LLC now owns 2,439,962 shares of the company’s stock valued at $28,182,000 after purchasing an additional 2,325,672 shares during the period. ACT Advisors LLC. acquired a new stake in shares of Invesco Preferred ETF during the 3rd quarter valued at about $17,368,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Invesco Preferred ETF by 4.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,382,375 shares of the company’s stock worth $15,966,000 after purchasing an additional 64,346 shares in the last quarter.

Invesco Preferred ETF Stock Up 0.3 %

NYSEARCA PGX opened at $11.93 on Friday. Invesco Preferred ETF has a 1 year low of $11.01 and a 1 year high of $12.54. The company has a fifty day simple moving average of $12.22 and a 200 day simple moving average of $11.92.

About Invesco Preferred ETF

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.