Raymond James & Associates Decreases Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Raymond James & Associates reduced its position in shares of Invesco Preferred ETF (NYSEARCA:PGX – Get Rating) by 9.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 367,029 shares of the company’s stock after selling 39,302 shares during the period. Raymond James & Associates’ holdings in Invesco Preferred ETF were worth $4,103,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Belpointe Asset Management LLC purchased a new position in Invesco Preferred ETF in the fourth quarter valued at approximately $128,000. Prospera Financial Services Inc raised its stake in Invesco Preferred ETF by 14.1% during the 4th quarter. Prospera Financial Services Inc now owns 29,493 shares of the company’s stock worth $330,000 after acquiring an additional 3,647 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in Invesco Preferred ETF by 1.0% in the fourth quarter. Orion Portfolio Solutions LLC now owns 325,310 shares of the company’s stock valued at $3,637,000 after acquiring an additional 3,228 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new position in Invesco Preferred ETF in the fourth quarter valued at $122,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Invesco Preferred ETF by 12.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,143,530 shares of the company’s stock valued at $12,785,000 after acquiring an additional 127,365 shares in the last quarter.

Invesco Preferred ETF Stock Performance

NYSEARCA PGX opened at $11.14 on Thursday. Invesco Preferred ETF has a 1 year low of $10.80 and a 1 year high of $13.43. The company has a fifty day moving average of $11.34 and a two-hundred day moving average of $11.74.

Invesco Preferred ETF 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.