Envestnet Asset Management Inc. Sells 2,043,764 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Envestnet Asset Management Inc. lowered its holdings in Invesco Preferred ETF (NYSEARCA:PGXGet Rating) by 57.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,490,226 shares of the company’s stock after selling 2,043,764 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.33% of Invesco Preferred ETF worth $20,222,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Tortoise Investment Management LLC purchased a new position in shares of Invesco Preferred ETF in the 4th quarter worth approximately $31,000. SBK Financial Inc. purchased a new position in shares of Invesco Preferred ETF in the 4th quarter worth approximately $36,000. Comprehensive Financial Consultants Institutional Inc. purchased a new position in shares of Invesco Preferred ETF in the 4th quarter worth approximately $38,000. Bank of New Hampshire purchased a new position in shares of Invesco Preferred ETF in the 1st quarter worth approximately $51,000. Finally, Missouri Trust & Investment Co purchased a new position in shares of Invesco Preferred ETF in the 4th quarter worth approximately $58,000.

Invesco Preferred ETF Stock Up 0.6 %

Shares of Invesco Preferred ETF stock opened at $13.39 on Thursday. Invesco Preferred ETF has a 52-week low of $11.93 and a 52-week high of $15.30. The firm’s 50 day moving average price is $12.61 and its 200-day moving average price is $13.06.

Invesco Preferred ETF Company Profile

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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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