Lantz Financial LLC reduced its holdings in Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 20.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,353 shares of the company’s stock after selling 3,000 shares during the quarter. Lantz Financial LLC’s holdings in Invesco Preferred ETF were worth $131,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in Invesco Preferred ETF in the third quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Invesco Preferred ETF by 299.0% in 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 during the period. Strategic Investment Solutions Inc. IL acquired a new stake in Invesco Preferred ETF in the second quarter valued at approximately $35,000. Eastern Bank acquired a new stake in Invesco Preferred ETF in the third quarter valued at approximately $37,000. Finally, Ellis Investment Partners LLC acquired a new stake in Invesco Preferred ETF in the third quarter valued at approximately $124,000.
Invesco Preferred ETF Price Performance
Shares of Invesco Preferred ETF stock opened at $11.68 on Friday. Invesco Preferred ETF has a 52 week low of $11.23 and a 52 week high of $12.54. The stock has a 50 day moving average price of $11.71 and a two-hundred day moving average price of $11.94.
About Invesco Preferred ETF
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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