Kestra Private Wealth Services LLC Lowers Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Kestra Private Wealth Services LLC lessened its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,970 shares of the company’s stock after selling 1,025 shares during the period. Kestra Private Wealth Services LLC’s holdings in Invesco Preferred ETF were worth $298,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Modera Wealth Management LLC boosted its holdings in Invesco Preferred ETF by 4.2% in the third quarter. Modera Wealth Management LLC now owns 21,802 shares of the company’s stock worth $239,000 after acquiring an additional 877 shares in the last quarter. DHK Financial Advisors Inc. increased its stake in Invesco Preferred ETF by 1.8% during the 4th quarter. DHK Financial Advisors Inc. now owns 52,189 shares of the company’s stock valued at $599,000 after purchasing an additional 922 shares in the last quarter. Capital Investment Advisory Services LLC raised its holdings in Invesco Preferred ETF by 13.4% in the fourth quarter. Capital Investment Advisory Services LLC now owns 8,467 shares of the company’s stock worth $97,000 after buying an additional 1,003 shares during the last quarter. Ausdal Financial Partners Inc. lifted its stake in shares of Invesco Preferred ETF by 5.4% in the fourth quarter. Ausdal Financial Partners Inc. now owns 27,107 shares of the company’s stock worth $311,000 after buying an additional 1,396 shares in the last quarter. Finally, Gradient Investments LLC grew its holdings in shares of Invesco Preferred ETF by 102.9% during the fourth quarter. Gradient Investments LLC now owns 2,755 shares of the company’s stock valued at $32,000 after buying an additional 1,397 shares during the last quarter.

Invesco Preferred ETF Price Performance

Shares of PGX opened at $11.49 on Thursday. Invesco Preferred ETF has a twelve month low of $10.14 and a twelve month high of $12.06. The firm has a 50 day moving average of $11.72 and a 200 day moving average of $11.48.

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.