Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 59.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,822 shares of the company’s stock after selling 64,953 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Invesco Preferred ETF were worth $554,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Advisory Alpha LLC raised its holdings in Invesco Preferred ETF by 0.6% in the 2nd quarter. Advisory Alpha LLC now owns 152,206 shares of the company’s stock worth $1,758,000 after purchasing an additional 914 shares during the period. NBC Securities Inc. raised its holdings in Invesco Preferred ETF by 2.8% in the 3rd quarter. NBC Securities Inc. now owns 34,376 shares of the company’s stock worth $424,000 after purchasing an additional 950 shares during the period. Oxbow Advisors LLC raised its holdings in Invesco Preferred ETF by 5.6% in the 2nd quarter. Oxbow Advisors LLC now owns 22,494 shares of the company’s stock worth $260,000 after purchasing an additional 1,199 shares during the period. Argus Investors Counsel Inc. raised its holdings in Invesco Preferred ETF by 3.1% in the 2nd quarter. Argus Investors Counsel Inc. now owns 41,526 shares of the company’s stock worth $480,000 after purchasing an additional 1,237 shares during the period. Finally, Wagner Wealth Management LLC raised its holdings in Invesco Preferred ETF by 2.1% in the 3rd quarter. Wagner Wealth Management LLC now owns 59,817 shares of the company’s stock worth $739,000 after purchasing an additional 1,239 shares during the period.

Invesco Preferred ETF Stock Up 0.2 %

NYSEARCA PGX opened at $11.92 on Thursday. Invesco Preferred ETF has a twelve month low of $11.11 and a twelve month high of $12.54. The stock has a 50-day moving average of $12.17 and a 200 day moving average of $11.93.

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.