Joule Financial LLC cut its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 29.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,229 shares of the company’s stock after selling 5,156 shares during the quarter. Joule Financial LLC’s holdings in Invesco Preferred ETF were worth $137,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in PGX. Bernard Wealth Management Corp. purchased a new stake in shares of Invesco Preferred ETF during the fourth quarter worth $26,000. Kentucky Trust Co acquired a new position in Invesco Preferred ETF during the 4th quarter worth $36,000. Roxbury Financial LLC purchased a new stake in Invesco Preferred ETF during the 4th quarter worth about $42,000. Tower Research Capital LLC TRC raised its position in Invesco Preferred ETF by 52.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,940 shares of the company’s stock valued at $45,000 after purchasing an additional 1,360 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL raised its position in Invesco Preferred ETF by 42.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 4,027 shares of the company’s stock valued at $46,000 after purchasing an additional 1,191 shares in the last quarter.
Invesco Preferred ETF Price Performance
Shares of Invesco Preferred ETF stock opened at $11.02 on Friday. Invesco Preferred ETF has a one year low of $10.70 and a one year high of $12.54. The business has a 50-day simple moving average of $11.00 and a 200-day simple moving average of $11.42.
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.
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