Good Life Advisors LLC Decreases Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Good Life Advisors LLC trimmed its position in Invesco Preferred ETF (NYSEARCA:PGX) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,502 shares of the company’s stock after selling 1,953 shares during the quarter. Good Life Advisors LLC’s holdings in Invesco Preferred ETF were worth $396,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in Invesco Preferred ETF by 9.0% during the first quarter. JPMorgan Chase & Co. now owns 80,594 shares of the company’s stock worth $1,094,000 after acquiring an additional 6,644 shares during the period. Citigroup Inc. grew its holdings in Invesco Preferred ETF by 10.1% during the first quarter. Citigroup Inc. now owns 24,430 shares of the company’s stock worth $332,000 after acquiring an additional 2,247 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in Invesco Preferred ETF during the first quarter worth about $42,000. Equitable Holdings Inc. grew its holdings in Invesco Preferred ETF by 9.7% during the first quarter. Equitable Holdings Inc. now owns 13,561 shares of the company’s stock worth $184,000 after acquiring an additional 1,198 shares during the period. Finally, Prudential Financial Inc. grew its holdings in Invesco Preferred ETF by 12.2% during the first quarter. Prudential Financial Inc. now owns 1,149,176 shares of the company’s stock worth $15,594,000 after acquiring an additional 124,687 shares during the period.

Invesco Preferred ETF Stock Down 0.7 %

Invesco Preferred ETF stock opened at $11.88 on Friday. Invesco Preferred ETF has a 52 week low of $10.14 and a 52 week high of $12.06. The business’s 50-day moving average price is $11.84 and its 200 day moving average price is $11.32.

About Invesco Preferred ETF

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.