Advisory Alpha LLC Reduces Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Advisory Alpha LLC lessened its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 12.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,515 shares of the company’s stock after selling 18,289 shares during the period. Advisory Alpha LLC’s holdings in Invesco Preferred ETF were worth $1,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Invesco Preferred ETF in the 3rd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Invesco Preferred ETF by 299.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock valued at $32,000 after acquiring an additional 2,093 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Invesco Preferred ETF in the second quarter valued at approximately $35,000. Eastern Bank purchased a new stake in Invesco Preferred ETF in the 3rd quarter worth approximately $37,000. Finally, Orrstown Financial Services Inc. purchased a new stake in Invesco Preferred ETF in the 3rd quarter worth approximately $124,000.

Invesco Preferred ETF Stock Up 0.5 %

NYSEARCA:PGX opened at $11.69 on Wednesday. The company has a 50 day moving average price of $11.74 and a 200-day moving average price of $11.95. Invesco Preferred ETF has a 1-year low of $11.23 and a 1-year high of $12.54.

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.