Invesco Preferred ETF $PGX Shares Sold by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC lowered its position in Invesco Preferred ETF (NYSEARCA:PGX) by 34.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,493 shares of the company’s stock after selling 18,902 shares during the period. Flagship Harbor Advisors LLC’s holdings in Invesco Preferred ETF were worth $406,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PGX. Abound Wealth Management acquired a new stake in shares of Invesco Preferred ETF in the 2nd quarter worth approximately $33,000. Motco acquired a new stake in shares of Invesco Preferred ETF in the 2nd quarter worth approximately $39,000. SVB Wealth LLC acquired a new stake in shares of Invesco Preferred ETF in the 1st quarter worth approximately $43,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Invesco Preferred ETF by 94.4% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,430 shares of the company’s stock worth $60,000 after acquiring an additional 2,637 shares during the period. Finally, Harbour Investments Inc. grew its holdings in shares of Invesco Preferred ETF by 25.5% in the 1st quarter. Harbour Investments Inc. now owns 5,720 shares of the company’s stock worth $64,000 after acquiring an additional 1,161 shares during the period. Institutional investors and hedge funds own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Performance

PGX opened at $11.44 on Friday. Invesco Preferred ETF has a 1-year low of $10.70 and a 1-year high of $12.32. The stock’s 50 day simple moving average is $11.63 and its 200 day simple moving average is $11.31.

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.