RDA Financial Network Sells 6,000 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

RDA Financial Network decreased its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 16.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,650 shares of the company’s stock after selling 6,000 shares during the period. RDA Financial Network’s holdings in Invesco Preferred ETF were worth $364,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PGX. International Assets Investment Management LLC increased its position in Invesco Preferred ETF by 17.4% in the 1st quarter. International Assets Investment Management LLC now owns 45,609 shares of the company’s stock valued at $542,000 after acquiring an additional 6,765 shares during the period. SignalPoint Asset Management LLC increased its position in Invesco Preferred ETF by 11.4% in the 1st quarter. SignalPoint Asset Management LLC now owns 19,493 shares of the company’s stock valued at $232,000 after acquiring an additional 2,000 shares during the period. RFG Advisory LLC increased its position in Invesco Preferred ETF by 50.2% in the 1st quarter. RFG Advisory LLC now owns 445,604 shares of the company’s stock valued at $5,294,000 after acquiring an additional 148,927 shares during the period. Bank of New Hampshire increased its position in Invesco Preferred ETF by 13.0% in the 1st quarter. Bank of New Hampshire now owns 14,750 shares of the company’s stock valued at $175,000 after acquiring an additional 1,700 shares during the period. Finally, NBC Securities Inc. increased its position in Invesco Preferred ETF by 5.3% in the 1st quarter. NBC Securities Inc. now owns 32,876 shares of the company’s stock valued at $391,000 after acquiring an additional 1,650 shares during the period.

Invesco Preferred ETF Trading Down 0.5 %

PGX opened at $11.57 on Monday. Invesco Preferred ETF has a twelve month low of $10.14 and a twelve month high of $12.06. The company has a fifty day moving average of $11.51 and a 200-day moving average of $11.64.

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.