Sigma Planning Corp decreased its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 52.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 34,861 shares of the company’s stock after selling 38,259 shares during the period. Sigma Planning Corp’s holdings in Invesco Preferred ETF were worth $400,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of PGX. CWM LLC grew its position in Invesco Preferred ETF by 14.2% in the 4th quarter. CWM LLC now owns 38,289 shares of the company’s stock valued at $439,000 after purchasing an additional 4,757 shares during the period. Wetzel Investment Advisors Inc. acquired a new stake in Invesco Preferred ETF in the 4th quarter valued at $34,000. Western Wealth Management LLC grew its position in Invesco Preferred ETF by 225.1% in the 4th quarter. Western Wealth Management LLC now owns 83,924 shares of the company’s stock valued at $963,000 after purchasing an additional 58,109 shares during the period. ACT Advisors LLC. acquired a new stake in Invesco Preferred ETF in the 4th quarter valued at $327,000. Finally, Capital Analysts LLC grew its position in Invesco Preferred ETF by 91.4% in the 4th quarter. Capital Analysts LLC now owns 3,465 shares of the company’s stock valued at $40,000 after purchasing an additional 1,655 shares during the period.
Invesco Preferred ETF Price Performance
PGX opened at $11.40 on Friday. The firm’s fifty day moving average price is $11.77 and its two-hundred day moving average price is $11.41. Invesco Preferred ETF has a 1 year low of $10.14 and a 1 year high of $12.06.
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.
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