Invesco Preferred ETF $PGX Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. reduced its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 14.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 310,360 shares of the company’s stock after selling 50,471 shares during the period. Geneos Wealth Management Inc. owned 0.09% of Invesco Preferred ETF worth $3,377,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PGX. Ibex Wealth Advisors lifted its position in shares of Invesco Preferred ETF by 0.8% in the first quarter. Ibex Wealth Advisors now owns 121,097 shares of the company’s stock valued at $1,318,000 after acquiring an additional 909 shares in the last quarter. New England Private Wealth Advisors LLC raised its stake in Invesco Preferred ETF by 1.6% in the 4th quarter. New England Private Wealth Advisors LLC now owns 58,682 shares of the company’s stock valued at $660,000 after purchasing an additional 916 shares during the last quarter. Apella Capital LLC raised its stake in Invesco Preferred ETF by 5.0% in the 1st quarter. Apella Capital LLC now owns 19,507 shares of the company’s stock valued at $220,000 after purchasing an additional 929 shares during the last quarter. Balanced Wealth Group LLC lifted its holdings in Invesco Preferred ETF by 2.4% in the 1st quarter. Balanced Wealth Group LLC now owns 41,237 shares of the company’s stock valued at $449,000 after purchasing an additional 965 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Invesco Preferred ETF by 6.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 16,192 shares of the company’s stock valued at $182,000 after purchasing an additional 1,046 shares in the last quarter. Institutional investors and hedge funds own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Down 0.1%

Shares of PGX opened at $10.86 on Friday. Invesco Preferred ETF has a 52-week low of $10.76 and a 52-week high of $11.92. The firm’s fifty day moving average is $10.94 and its two-hundred day moving average is $11.14.

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.