Balanced Wealth Group LLC Sells 27,597 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Balanced Wealth Group LLC reduced its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 67.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,257 shares of the company’s stock after selling 27,597 shares during the quarter. Balanced Wealth Group LLC’s holdings in Invesco Preferred ETF were worth $149,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bernard Wealth Management Corp. bought a new position in Invesco Preferred ETF in the 4th quarter valued at $26,000. Kentucky Trust Co bought a new stake in shares of Invesco Preferred ETF during the fourth quarter worth $36,000. Roxbury Financial LLC acquired a new stake in shares of Invesco Preferred ETF in the fourth quarter valued at $42,000. Tower Research Capital LLC TRC grew its holdings in Invesco Preferred ETF by 52.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,940 shares of the company’s stock worth $45,000 after acquiring an additional 1,360 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL grew its holdings in Invesco Preferred ETF by 42.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 4,027 shares of the company’s stock worth $46,000 after acquiring an additional 1,191 shares during the last quarter.

Invesco Preferred ETF Stock Performance

PGX opened at $11.04 on Thursday. Invesco Preferred ETF has a 1-year low of $10.70 and a 1-year high of $12.54. The firm has a 50-day moving average price of $10.99 and a two-hundred day moving average price of $11.39.

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.