McAdam LLC Sells 94,146 Shares of Invesco Preferred ETF $PGX

McAdam LLC cut its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 16.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 487,953 shares of the company’s stock after selling 94,146 shares during the quarter. McAdam LLC’s holdings in Invesco Preferred ETF were worth $5,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. Geneos Wealth Management Inc. raised its holdings in Invesco Preferred ETF by 0.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 376,110 shares of the company’s stock valued at $4,220,000 after buying an additional 1,944 shares during the last quarter. Bluefin Capital Management LLC purchased a new stake in shares of Invesco Preferred ETF in the 1st quarter worth about $221,000. Belpointe Asset Management LLC grew its position in shares of Invesco Preferred ETF by 120.7% in the 1st quarter. Belpointe Asset Management LLC now owns 53,149 shares of the company’s stock worth $596,000 after buying an additional 29,066 shares during the period. Fortis Capital Advisors LLC purchased a new stake in Invesco Preferred ETF during the 1st quarter valued at about $284,000. Finally, Jane Street Group LLC grew its position in Invesco Preferred ETF by 181.6% during the 1st quarter. Jane Street Group LLC now owns 420,120 shares of the company’s stock valued at $4,714,000 after purchasing an additional 270,939 shares during the last quarter. 8.60% of the stock is currently owned by institutional investors.

Invesco Preferred ETF Price Performance

Shares of PGX stock opened at $11.75 on Wednesday. Invesco Preferred ETF has a one year low of $10.70 and a one year high of $12.54. The company’s 50-day moving average is $11.36 and its 200 day moving average is $11.23.

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.