Intrepid Financial Planning Group LLC trimmed its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 2.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,138,961 shares of the company’s stock after selling 30,734 shares during the period. Invesco Preferred ETF makes up about 5.6% of Intrepid Financial Planning Group LLC’s investment portfolio, making the stock its 4th biggest position. Intrepid Financial Planning Group LLC owned 0.30% of Invesco Preferred ETF worth $13,155,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the business. Central Pacific Bank Trust Division bought a new stake in Invesco Preferred ETF in the first quarter valued at $46,000. Private Ocean LLC bought a new stake in shares of Invesco Preferred ETF in the 1st quarter worth about $94,000. Consultiva Wealth Management CORP. acquired a new stake in shares of Invesco Preferred ETF during the 1st quarter worth about $96,000. Holderness Investments Co. bought a new position in Invesco Preferred ETF during the 4th quarter valued at about $115,000. Finally, Walden Wealth Partners LLC acquired a new position in Invesco Preferred ETF in the fourth quarter valued at about $117,000.
Invesco Preferred ETF Stock Up 0.2 %
Shares of Invesco Preferred ETF stock opened at $12.43 on Thursday. The firm’s 50-day moving average price is $11.89 and its two-hundred day moving average price is $11.73. Invesco Preferred ETF has a 1-year low of $10.14 and a 1-year high of $12.48.
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.
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