Royal Bank of Canada Sells 766,143 Shares of Invesco Preferred ETF $PGX

Royal Bank of Canada cut its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 20.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,956,073 shares of the company’s stock after selling 766,143 shares during the quarter. Royal Bank of Canada owned 0.84% of Invesco Preferred ETF worth $32,162,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Ibex Wealth Advisors grew its position in shares of Invesco Preferred ETF by 0.8% during the 1st quarter. Ibex Wealth Advisors now owns 121,097 shares of the company’s stock worth $1,318,000 after buying an additional 909 shares during the period. New England Private Wealth Advisors LLC lifted its position in shares of Invesco Preferred ETF by 1.6% during the 4th quarter. New England Private Wealth Advisors LLC now owns 58,682 shares of the company’s stock valued at $660,000 after acquiring an additional 916 shares during the period. Apella Capital LLC lifted its position in shares of Invesco Preferred ETF by 5.0% during the 1st quarter. Apella Capital LLC now owns 19,507 shares of the company’s stock valued at $220,000 after acquiring an additional 929 shares during the period. Balanced Wealth Group LLC boosted its stake in Invesco Preferred ETF by 2.4% during the first quarter. Balanced Wealth Group LLC now owns 41,237 shares of the company’s stock worth $449,000 after acquiring an additional 965 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Invesco Preferred ETF by 6.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 16,192 shares of the company’s stock worth $182,000 after acquiring an additional 1,046 shares in the last quarter. 8.60% of the stock is currently owned by institutional investors.

Invesco Preferred ETF Stock Performance

NYSEARCA:PGX opened at $10.75 on Tuesday. The firm has a fifty day simple moving average of $10.87 and a two-hundred day simple moving average of $11.10. Invesco Preferred ETF has a 12 month low of $10.68 and a 12 month high of $11.92.

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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.