HBK Sorce Advisory LLC lowered its stake in Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 3.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 186,413 shares of the company’s stock after selling 6,135 shares during the period. HBK Sorce Advisory LLC’s holdings in Invesco Preferred ETF were worth $2,075,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of PGX. Brighton Jones LLC bought a new stake in shares of Invesco Preferred ETF in the 4th quarter worth about $626,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Invesco Preferred ETF in the 1st quarter worth about $1,132,000. Mutual Advisors LLC increased its position in shares of Invesco Preferred ETF by 5.2% in the 1st quarter. Mutual Advisors LLC now owns 29,335 shares of the company’s stock worth $325,000 after purchasing an additional 1,457 shares during the last quarter. Checchi Capital Advisers LLC increased its position in shares of Invesco Preferred ETF by 20.9% in the 1st quarter. Checchi Capital Advisers LLC now owns 1,393,688 shares of the company’s stock worth $15,637,000 after purchasing an additional 240,963 shares during the last quarter. Finally, Aurora Private Wealth Inc. bought a new stake in shares of Invesco Preferred ETF in the 1st quarter worth about $549,000. Institutional investors own 8.60% of the company’s stock.
Invesco Preferred ETF Price Performance
PGX opened at $11.49 on Friday. Invesco Preferred ETF has a 1-year low of $10.70 and a 1-year high of $12.32. The company has a 50-day moving average of $11.63 and a 200-day moving average of $11.30.
Invesco Preferred ETF Company 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.
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