World Investment Advisors Trims Stock Position in Invesco Preferred ETF $PGX

World Investment Advisors trimmed its position in Invesco Preferred ETF (NYSEARCA:PGX) by 6.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 197,073 shares of the company’s stock after selling 13,537 shares during the quarter. World Investment Advisors’ holdings in Invesco Preferred ETF were worth $2,193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crews Bank & Trust increased its holdings in Invesco Preferred ETF by 2.5% in the 2nd quarter. Crews Bank & Trust now owns 40,780 shares of the company’s stock worth $454,000 after acquiring an additional 1,000 shares in the last quarter. WealthPlan Investment Management LLC increased its holdings in Invesco Preferred ETF by 7.0% in the 1st quarter. WealthPlan Investment Management LLC now owns 16,047 shares of the company’s stock worth $180,000 after acquiring an additional 1,045 shares in the last quarter. Harbour Investments Inc. increased its holdings in Invesco Preferred ETF by 25.5% in the 1st quarter. Harbour Investments Inc. now owns 5,720 shares of the company’s stock worth $64,000 after acquiring an additional 1,161 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in Invesco Preferred ETF by 3.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 36,531 shares of the company’s stock worth $410,000 after acquiring an additional 1,345 shares in the last quarter. Finally, Mutual Advisors LLC increased its holdings in Invesco Preferred ETF by 5.2% in the 1st quarter. Mutual Advisors LLC now owns 29,335 shares of the company’s stock worth $325,000 after acquiring an additional 1,457 shares in the last quarter. 8.60% of the stock is owned by hedge funds and other institutional investors.

Invesco Preferred ETF Price Performance

Invesco Preferred ETF stock opened at $11.44 on Friday. The firm has a 50 day moving average of $11.63 and a 200 day moving average of $11.31. Invesco Preferred ETF has a 12-month low of $10.70 and a 12-month high of $12.32.

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.