Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV cut its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 11.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 162,528 shares of the company’s stock after selling 20,766 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Invesco Preferred ETF were worth $1,921,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PGX. Perennial Investment Advisors LLC grew its holdings in shares of Invesco Preferred ETF by 220.7% during the 2nd quarter. Perennial Investment Advisors LLC now owns 36,302 shares of the company’s stock worth $419,000 after purchasing an additional 24,983 shares during the period. One Capital Management LLC boosted its stake in Invesco Preferred ETF by 1,520.1% during the second quarter. One Capital Management LLC now owns 353,016 shares of the company’s stock worth $4,077,000 after buying an additional 331,226 shares during the period. HBK Sorce Advisory LLC increased its position in shares of Invesco Preferred ETF by 11.3% during the second quarter. HBK Sorce Advisory LLC now owns 217,070 shares of the company’s stock valued at $2,507,000 after acquiring an additional 22,000 shares during the last quarter. LPL Financial LLC raised its stake in shares of Invesco Preferred ETF by 9.7% in the 2nd quarter. LPL Financial LLC now owns 13,579,206 shares of the company’s stock valued at $156,840,000 after acquiring an additional 1,197,584 shares during the period. Finally, Liberty Wealth Management LLC acquired a new position in shares of Invesco Preferred ETF in the 2nd quarter worth approximately $2,706,000.

Invesco Preferred ETF Stock Performance

NYSEARCA:PGX opened at $12.45 on Tuesday. Invesco Preferred ETF has a 52 week low of $10.14 and a 52 week high of $12.54. The stock’s fifty day moving average is $11.94 and its two-hundred day moving average is $11.74.

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.