Cascade Financial Partners LLC Sells 88,042 Shares of Invesco Preferred ETF $PGX

Cascade Financial Partners LLC cut its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 69.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,523 shares of the company’s stock after selling 88,042 shares during the period. Cascade Financial Partners LLC’s holdings in Invesco Preferred ETF were worth $433,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Triumph Capital Management bought a new stake in Invesco Preferred ETF in the third quarter worth $29,000. Ransom Advisory Ltd bought a new stake in Invesco Preferred ETF in the fourth quarter worth $31,000. WealthShield Partners LLC lifted its stake in Invesco Preferred ETF by 753.8% in the third quarter. WealthShield Partners LLC now owns 3,885 shares of the company’s stock worth $45,000 after purchasing an additional 3,430 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Invesco Preferred ETF in the fourth quarter worth $55,000. Finally, Advisory Services Network LLC bought a new stake in Invesco Preferred ETF in the third quarter valued at approximately $70,000. 8.60% of the stock is owned by institutional investors.

Invesco Preferred ETF Trading Down 0.3%

Shares of PGX stock opened at $11.01 on Tuesday. Invesco Preferred ETF has a fifty-two week low of $10.82 and a fifty-two week high of $11.92. The stock has a 50 day moving average price of $11.12 and a two-hundred day moving average price of $11.27.

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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.