Coastwise Capital Group LLC Sells 3,006 Shares of Invesco Preferred ETF $PGX

Coastwise Capital Group LLC lessened its position in Invesco Preferred ETF (NYSEARCA:PGX) by 5.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,988 shares of the company’s stock after selling 3,006 shares during the period. Coastwise Capital Group LLC’s holdings in Invesco Preferred ETF were worth $601,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of Invesco Preferred ETF during the 4th quarter valued at about $626,000. Fourth Dimension Wealth LLC bought a new stake in shares of Invesco Preferred ETF during the 4th quarter valued at about $104,000. Perennial Advisors LLC bought a new stake in shares of Invesco Preferred ETF during the 4th quarter valued at about $240,000. American Trust bought a new stake in shares of Invesco Preferred ETF during the 4th quarter valued at about $279,000. Finally, Ameriflex Group Inc. bought a new stake in shares of Invesco Preferred ETF during the 4th quarter valued at about $91,000. Institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Up 0.1%

Shares of PGX opened at $11.84 on Friday. The firm’s 50-day moving average price is $11.45 and its 200-day moving average price is $11.24. Invesco Preferred ETF has a 1-year low of $10.70 and a 1-year high of $12.54.

Invesco Preferred ETF Company 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.