World Investment Advisors Sells 13,537 Shares of Invesco Preferred ETF $PGX

World Investment Advisors lowered its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 6.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 197,073 shares of the company’s stock after selling 13,537 shares during the period. World Investment Advisors owned approximately 0.06% of Invesco Preferred ETF worth $2,193,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Leading Edge Financial Planning LLC purchased a new stake in shares of Invesco Preferred ETF during the 2nd quarter valued at about $154,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Invesco Preferred ETF during the 1st quarter valued at about $1,132,000. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Invesco Preferred ETF during the 1st quarter valued at about $173,000. Harbour Investments Inc. increased its position in shares of Invesco Preferred ETF by 25.5% during the 1st quarter. Harbour Investments Inc. now owns 5,720 shares of the company’s stock valued at $64,000 after purchasing an additional 1,161 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its position in shares of Invesco Preferred ETF by 120.7% during the 1st quarter. Belpointe Asset Management LLC now owns 53,149 shares of the company’s stock valued at $596,000 after purchasing an additional 29,066 shares during the last quarter. Institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Down 0.4%

NYSEARCA PGX opened at $11.44 on Friday. Invesco Preferred ETF has a 52 week low of $10.70 and a 52 week high of $12.32. The company has a 50-day moving average price of $11.63 and a 200-day moving average price of $11.31.

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.