Quantitative Advantage LLC Sells 7,629 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Quantitative Advantage LLC decreased its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 9.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,173 shares of the company’s stock after selling 7,629 shares during the quarter. Quantitative Advantage LLC’s holdings in Invesco Preferred ETF were worth $1,099,000 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. FMR LLC lifted its holdings in shares of Invesco Preferred ETF by 517.1% in the first quarter. FMR LLC now owns 2,018 shares of the company’s stock worth $29,000 after acquiring an additional 1,691 shares during the last quarter. Boothe Investment Group Inc. lifted its holdings in shares of Invesco Preferred ETF by 1.2% in the second quarter. Boothe Investment Group Inc. now owns 72,684 shares of the company’s stock worth $1,063,000 after acquiring an additional 892 shares during the last quarter. Rockland Trust Co. lifted its holdings in shares of Invesco Preferred ETF by 18.3% in the second quarter. Rockland Trust Co. now owns 59,941 shares of the company’s stock worth $877,000 after acquiring an additional 9,279 shares during the last quarter. Iowa State Bank lifted its holdings in shares of Invesco Preferred ETF by 2.6% in the second quarter. Iowa State Bank now owns 332,320 shares of the company’s stock worth $4,862,000 after acquiring an additional 8,350 shares during the last quarter. Finally, Dubuque Bank & Trust Co. bought a new position in shares of Invesco Preferred ETF in the second quarter worth about $168,000.

Shares of PGX stock traded up $0.01 on Monday, reaching $14.85. The company had a trading volume of 9,577 shares, compared to its average volume of 2,080,846. Invesco Preferred ETF has a one year low of $13.12 and a one year high of $15.13. The business’s 50-day moving average is $14.99 and its 200 day moving average is $14.80.

About Invesco Preferred ETF

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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