Butensky & Cohen Financial Security Inc. Decreases Stake in Invesco Preferred ETF (NYSEARCA:PGX)

Butensky & Cohen Financial Security Inc. reduced its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 7.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,105 shares of the company’s stock after selling 8,775 shares during the period. Butensky & Cohen Financial Security Inc.’s holdings in Invesco Preferred ETF were worth $1,252,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PGX. Ambassador Advisors LLC increased its position in shares of Invesco Preferred ETF by 168.3% during the first quarter. Ambassador Advisors LLC now owns 2,688 shares of the company’s stock valued at $30,000 after acquiring an additional 1,686 shares during the last quarter. Schubert & Co acquired a new stake in shares of Invesco Preferred ETF during the first quarter valued at about $32,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of Invesco Preferred ETF during the third quarter valued at about $37,000. CoreCap Advisors LLC acquired a new stake in shares of Invesco Preferred ETF during the fourth quarter valued at about $39,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Invesco Preferred ETF during the first quarter valued at about $42,000.

Invesco Preferred ETF Price Performance

NYSEARCA PGX opened at $11.10 on Monday. The firm has a 50 day simple moving average of $11.20 and a 200-day simple moving average of $11.32. Invesco Preferred ETF has a one year low of $10.80 and a one year high of $12.81.

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.