Global Retirement Partners LLC cut its stake in Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 25.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 217,238 shares of the company’s stock after selling 72,309 shares during the quarter. Global Retirement Partners LLC’s holdings in Invesco Preferred ETF were worth $2,442,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of PGX. Triumph Capital Management acquired a new position in shares of Invesco Preferred ETF in the third quarter worth $29,000. Ransom Advisory Ltd acquired a new position in shares of Invesco Preferred ETF in the fourth quarter worth $31,000. WealthShield Partners LLC increased its stake in shares of 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 acquiring an additional 3,430 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Invesco Preferred ETF in the fourth quarter worth $55,000. Finally, Advisory Services Network LLC acquired a new position in shares of Invesco Preferred ETF in the third quarter worth $70,000. 8.60% of the stock is owned by institutional investors and hedge funds.
Invesco Preferred ETF Price Performance
NYSEARCA PGX opened at $10.95 on Friday. Invesco Preferred ETF has a 1-year low of $10.83 and a 1-year high of $11.92. The firm’s fifty day simple moving average is $11.09 and its 200-day simple moving average is $11.25.
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.
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