Sequoia Financial Advisors LLC Decreases Stock Position in Invesco Preferred ETF $PGX

Sequoia Financial Advisors LLC lessened its stake in Invesco Preferred ETF (NYSEARCA:PGXFree Report) by 12.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,791 shares of the company’s stock after selling 9,713 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Invesco Preferred ETF were worth $788,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PGX. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Invesco Preferred ETF in the 1st quarter worth approximately $9,537,000. Goldman Sachs Group Inc. boosted its stake in shares of 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 buying an additional 683,754 shares during the last quarter. LPL Financial LLC boosted its stake in shares of 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 buying an additional 486,697 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Invesco Preferred ETF during the 2nd quarter valued at approximately $4,964,000. Finally, Jane Street Group LLC boosted its stake in shares of Invesco Preferred ETF by 181.6% during the 1st quarter. Jane Street Group LLC now owns 420,120 shares of the company’s stock valued at $4,714,000 after buying an additional 270,939 shares during the last quarter. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Trading Up 0.1%

Invesco Preferred ETF stock opened at $11.55 on Friday. The stock has a 50 day moving average of $11.61 and a 200-day moving average of $11.27. Invesco Preferred ETF has a 52 week low of $10.70 and a 52 week high of $12.50.

About Invesco Preferred ETF

(Free Report)

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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Institutional Ownership by Quarter for Invesco Preferred ETF (NYSEARCA:PGX)

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