Bank of Montreal Can Sells 8,708 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Bank of Montreal Can trimmed its position in Invesco Preferred ETF (NYSEARCA:PGX) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,007,570 shares of the company’s stock after selling 8,708 shares during the quarter. Bank of Montreal Can owned 0.27% of Invesco Preferred ETF worth $12,534,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flagstar Advisors Inc. bought a new position in Invesco Preferred ETF during the 3rd quarter valued at approximately $625,000. Investors Research Corp raised its holdings in shares of Invesco Preferred ETF by 8.7% during the third quarter. Investors Research Corp now owns 363,580 shares of the company’s stock valued at $4,490,000 after acquiring an additional 29,175 shares in the last quarter. J. W. Coons Advisors LLC lifted its stake in Invesco Preferred ETF by 6.4% in the third quarter. J. W. Coons Advisors LLC now owns 28,110 shares of the company’s stock worth $347,000 after acquiring an additional 1,700 shares during the period. Sheaff Brock Investment Advisors LLC boosted its holdings in Invesco Preferred ETF by 11.6% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 28,433 shares of the company’s stock valued at $351,000 after acquiring an additional 2,946 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in Invesco Preferred ETF by 4.4% in the third quarter. Oppenheimer & Co. Inc. now owns 210,981 shares of the company’s stock valued at $2,606,000 after acquiring an additional 8,886 shares in the last quarter.

Invesco Preferred ETF Stock Performance

Shares of NYSEARCA PGX opened at $11.98 on Monday. The firm has a fifty day simple moving average of $12.21 and a two-hundred day simple moving average of $11.92. Invesco Preferred ETF has a 12 month low of $11.11 and a 12 month high of $12.54.

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.