Oppenheimer & Co. Inc. Reduces Position in Invesco Preferred ETF (NYSEARCA:PGX)

Oppenheimer & Co. Inc. decreased its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 4.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 202,095 shares of the company’s stock after selling 8,925 shares during the quarter. Oppenheimer & Co. Inc. owned 0.05% of Invesco Preferred ETF worth $2,334,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Central Pacific Bank Trust Division bought a new position in Invesco Preferred ETF in the first quarter valued at about $46,000. Private Ocean LLC bought a new position in shares of Invesco Preferred ETF in the 1st quarter worth approximately $94,000. Consultiva Wealth Management CORP. purchased a new position in shares of Invesco Preferred ETF in the first quarter worth approximately $96,000. Holderness Investments Co. bought a new stake in Invesco Preferred ETF during the fourth quarter valued at approximately $115,000. Finally, Walden Wealth Partners LLC purchased a new stake in Invesco Preferred ETF during the fourth quarter valued at approximately $117,000.

Invesco Preferred ETF Price Performance

Shares of PGX stock opened at $12.40 on Tuesday. Invesco Preferred ETF has a 1 year low of $10.14 and a 1 year high of $12.42. The firm has a fifty day moving average price of $11.86 and a 200-day moving average price of $11.72.

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.