WealthPlan Investment Management LLC Sells 5,605 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

WealthPlan Investment Management LLC trimmed its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 27.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 15,002 shares of the company’s stock after selling 5,605 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Invesco Preferred ETF were worth $173,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. ACT Advisors LLC. acquired a new position in Invesco Preferred ETF in the third quarter worth $17,368,000. JPMorgan Chase & Co. boosted its stake in Invesco Preferred ETF by 71.6% in the third quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock worth $22,097,000 after purchasing an additional 746,783 shares in the last quarter. Barclays PLC boosted its stake in Invesco Preferred ETF by 18,430.0% in the third quarter. Barclays PLC now owns 555,900 shares of the company’s stock worth $6,865,000 after purchasing an additional 552,900 shares in the last quarter. Acute Investment Advisory LLC acquired a new position in Invesco Preferred ETF in the third quarter worth $3,977,000. Finally, Wolverine Trading LLC boosted its stake in Invesco Preferred ETF by 513.6% in the third quarter. Wolverine Trading LLC now owns 260,602 shares of the company’s stock worth $3,242,000 after purchasing an additional 218,132 shares in the last quarter.

Invesco Preferred ETF Price Performance

Invesco Preferred ETF stock opened at $11.69 on Friday. The business’s fifty day moving average is $11.62 and its two-hundred day moving average is $11.93. Invesco Preferred ETF has a 52 week low of $11.23 and a 52 week high of $12.54.

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.