Shufro Rose & Co. LLC Decreases Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Shufro Rose & Co. LLC lessened its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 28.4% in the fourth quarter, Holdings Channel reports. The fund owned 59,477 shares of the company’s stock after selling 23,628 shares during the quarter. Shufro Rose & Co. LLC’s holdings in Invesco Preferred ETF were worth $686,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in shares of Invesco Preferred ETF during the fourth quarter worth approximately $91,000. American Trust acquired a new position in Invesco Preferred ETF in the fourth quarter worth $279,000. Perennial Advisors LLC acquired a new position in Invesco Preferred ETF in the fourth quarter worth $240,000. Fourth Dimension Wealth LLC acquired a new position in Invesco Preferred ETF in the fourth quarter worth $104,000. Finally, Royal Bank of Canada lifted its stake in Invesco Preferred ETF by 3.3% in the fourth quarter. Royal Bank of Canada now owns 3,856,482 shares of the company’s stock valued at $44,467,000 after buying an additional 122,258 shares during the last quarter.

Invesco Preferred ETF Stock Performance

PGX stock opened at $10.91 on Monday. Invesco Preferred ETF has a 1 year low of $10.70 and a 1 year high of $12.54. The stock’s fifty day moving average is $11.08 and its two-hundred day moving average is $11.48.

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.