Flagship Harbor Advisors LLC Trims Stake in Invesco Preferred ETF $PGX

Flagship Harbor Advisors LLC lowered its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 34.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 36,493 shares of the company’s stock after selling 18,902 shares during the period. Flagship Harbor Advisors LLC’s holdings in Invesco Preferred ETF were worth $406,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. LPL Financial LLC lifted its stake in Invesco Preferred ETF by 3.3% in the 1st quarter. LPL Financial LLC now owns 15,193,057 shares of the company’s stock valued at $170,466,000 after buying an additional 486,697 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of Invesco Preferred ETF by 8.1% during the 1st quarter. Raymond James Financial Inc. now owns 2,769,857 shares of the company’s stock worth $31,078,000 after purchasing an additional 208,107 shares during the period. Allworth Financial LP boosted its holdings in shares of Invesco Preferred ETF by 4.7% during the first quarter. Allworth Financial LP now owns 2,627,449 shares of the company’s stock worth $29,086,000 after purchasing an additional 118,251 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Invesco Preferred ETF by 57.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,874,427 shares of the company’s stock worth $21,031,000 after purchasing an additional 683,754 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its holdings in shares of Invesco Preferred ETF by 4.5% during the second quarter. Checchi Capital Advisers LLC now owns 1,457,054 shares of the company’s stock worth $16,217,000 after purchasing an additional 63,366 shares during the last quarter. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Performance

PGX stock opened at $11.44 on Friday. Invesco Preferred ETF has a 52-week low of $10.70 and a 52-week high of $12.32. The stock’s fifty day simple moving average is $11.63 and its 200-day simple moving average is $11.31.

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.