Advisory Alpha LLC Sells 75,532 Shares of Invesco Preferred ETF $PGX

Advisory Alpha LLC decreased its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 56.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,983 shares of the company’s stock after selling 75,532 shares during the period. Advisory Alpha LLC’s holdings in Invesco Preferred ETF were worth $662,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PGX. Migdal Insurance & Financial Holdings Ltd. bought a new position in Invesco Preferred ETF during the 1st quarter valued at approximately $9,537,000. Goldman Sachs Group Inc. raised its position in Invesco Preferred ETF by 57.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,874,427 shares of the company’s stock valued at $21,031,000 after purchasing an additional 683,754 shares during the last quarter. LPL Financial LLC raised its position in Invesco Preferred ETF by 3.3% during the 1st quarter. LPL Financial LLC now owns 15,193,057 shares of the company’s stock valued at $170,466,000 after purchasing an additional 486,697 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Invesco Preferred ETF by 257.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 524,158 shares of the company’s stock valued at $6,044,000 after purchasing an additional 377,325 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Invesco Preferred ETF by 1,328.8% during the 1st quarter. GAMMA Investing LLC now owns 395,460 shares of the company’s stock valued at $44,370,000 after purchasing an additional 367,783 shares during the last quarter. Institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Down 0.1%

PGX opened at $11.72 on Wednesday. The business has a 50 day simple moving average of $11.36 and a two-hundred day simple moving average of $11.23. Invesco Preferred ETF has a one year low of $10.70 and a one year high of $12.54.

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.