Sunbelt Securities Inc. Has $119,000 Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Sunbelt Securities Inc. lessened its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 37.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 10,030 shares of the company’s stock after selling 6,025 shares during the quarter. Sunbelt Securities Inc.’s holdings in Invesco Preferred ETF were worth $119,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PGX. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of Invesco Preferred ETF during the 4th quarter worth approximately $178,000. CWM LLC grew its position in shares of Invesco Preferred ETF by 14.2% during the 4th quarter. CWM LLC now owns 38,289 shares of the company’s stock worth $439,000 after buying an additional 4,757 shares during the period. CAP Partners LLC acquired a new stake in shares of Invesco Preferred ETF during the 4th quarter worth approximately $199,000. Wilbanks Smith & Thomas Asset Management LLC grew its position in shares of Invesco Preferred ETF by 149.9% during the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 66,172 shares of the company’s stock worth $759,000 after buying an additional 39,689 shares during the period. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of Invesco Preferred ETF during the 4th quarter worth approximately $390,000.

Invesco Preferred ETF Stock Down 0.4 %

Shares of PGX stock opened at $11.55 on Friday. Invesco Preferred ETF has a 52 week low of $10.14 and a 52 week high of $12.06. The firm has a 50 day moving average of $11.54 and a 200-day moving average of $11.65.

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.