Cerity Partners LLC Has $2.02 Million Stake in Invesco Preferred ETF (NYSEARCA:PGX)

Cerity Partners LLC reduced its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 18.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 175,617 shares of the company’s stock after selling 40,015 shares during the quarter. Cerity Partners LLC’s holdings in Invesco Preferred ETF were worth $2,015,000 at the end of the most recent reporting period.

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

Invesco Preferred ETF Stock Performance

Shares of Invesco Preferred ETF stock opened at $11.39 on Friday. The business has a 50-day moving average of $11.80 and a two-hundred day moving average of $11.38. Invesco Preferred ETF has a 1 year low of $10.14 and a 1 year high of $12.06.

Invesco Preferred ETF Company 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.