Invesco Preferred ETF $PGX Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC decreased its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 10.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,687 shares of the company’s stock after selling 2,845 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Invesco Preferred ETF were worth $286,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in PGX. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Invesco Preferred ETF during the first quarter worth $9,537,000. 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. LPL Financial LLC boosted its holdings in shares of Invesco Preferred ETF by 3.3% during the first quarter. LPL Financial LLC now owns 15,193,057 shares of the company’s stock worth $170,466,000 after purchasing an additional 486,697 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Invesco Preferred ETF during the second quarter worth $4,964,000. Finally, Jane Street Group LLC boosted its holdings in shares of Invesco Preferred ETF by 181.6% during the first quarter. Jane Street Group LLC now owns 420,120 shares of the company’s stock worth $4,714,000 after purchasing an additional 270,939 shares during the last quarter. Institutional investors and hedge funds own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Performance

PGX stock opened at $11.67 on Wednesday. Invesco Preferred ETF has a 52-week low of $10.70 and a 52-week high of $12.52. The stock’s fifty day simple moving average is $11.57 and its 200-day simple moving average is $11.25.

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.