RFG Advisory LLC cut its holdings in Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 488,220 shares of the company’s stock after selling 7,660 shares during the quarter. RFG Advisory LLC’s holdings in Invesco Preferred ETF were worth $5,629,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in PGX. Wilmington Savings Fund Society FSB acquired a new position in Invesco Preferred ETF in the 3rd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Invesco Preferred ETF by 299.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock valued at $32,000 after purchasing an additional 2,093 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Invesco Preferred ETF in the second quarter valued at approximately $35,000. Eastern Bank purchased a new stake in shares of Invesco Preferred ETF during the third quarter worth approximately $37,000. Finally, Orrstown Financial Services Inc. acquired a new stake in shares of Invesco Preferred ETF during the third quarter worth $124,000.
Invesco Preferred ETF Price Performance
Shares of PGX opened at $11.63 on Friday. Invesco Preferred ETF has a 1 year low of $11.23 and a 1 year high of $12.54. The company’s fifty day moving average is $11.72 and its two-hundred day moving average is $11.94.
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.
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