Balanced Rock Investment Advisors LLC Sells 6,108 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Balanced Rock Investment Advisors LLC decreased its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 34.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,686 shares of the company’s stock after selling 6,108 shares during the period. Balanced Rock Investment Advisors LLC’s holdings in Invesco Preferred ETF were worth $135,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PGX. Strategic Investment Solutions Inc. IL increased its holdings in Invesco Preferred ETF by 42.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 4,027 shares of the company’s stock worth $46,000 after buying an additional 1,191 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Invesco Preferred ETF by 6.5% during the 4th quarter. NewEdge Advisors LLC now owns 142,846 shares of the company’s stock valued at $1,647,000 after acquiring an additional 8,679 shares during the last quarter. Guggenheim Capital LLC grew its stake in shares of Invesco Preferred ETF by 5.0% in the fourth quarter. Guggenheim Capital LLC now owns 145,771 shares of the company’s stock worth $1,681,000 after acquiring an additional 6,939 shares during the period. Cohen & Steers Inc. raised its holdings in shares of Invesco Preferred ETF by 2,643,140.2% during the fourth quarter. Cohen & Steers Inc. now owns 4,995,724 shares of the company’s stock valued at $57,601,000 after purchasing an additional 4,995,535 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in Invesco Preferred ETF by 3.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 520,306 shares of the company’s stock valued at $5,999,000 after purchasing an additional 18,133 shares during the period.

Invesco Preferred ETF Stock Performance

Shares of PGX stock opened at $10.94 on Friday. Invesco Preferred ETF has a 12-month low of $10.70 and a 12-month high of $12.54. The firm’s 50 day moving average is $11.38 and its 200 day moving average is $11.72.

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.