Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by Balanced Wealth Group LLC

Balanced Wealth Group LLC lessened its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 13.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,551 shares of the company’s stock after selling 13,770 shares during the period. Invesco Preferred ETF makes up 0.3% of Balanced Wealth Group LLC’s portfolio, making the stock its 26th biggest position. Balanced Wealth Group LLC’s holdings in Invesco Preferred ETF were worth $1,020,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CAP Partners LLC purchased a new stake in shares of Invesco Preferred ETF during the 4th quarter worth about $199,000. Stifel Financial Corp increased its position in shares of Invesco Preferred ETF by 7.1% in the fourth quarter. Stifel Financial Corp now owns 440,480 shares of the company’s stock worth $5,052,000 after acquiring an additional 29,322 shares in the last quarter. Bank of New Hampshire increased its position in shares of Invesco Preferred ETF by 13.0% in the first quarter. Bank of New Hampshire now owns 14,750 shares of the company’s stock worth $175,000 after acquiring an additional 1,700 shares in the last quarter. TrinityPoint Wealth LLC raised its stake in shares of Invesco Preferred ETF by 11.2% in the 4th quarter. TrinityPoint Wealth LLC now owns 22,387 shares of the company’s stock valued at $257,000 after acquiring an additional 2,249 shares during the period. Finally, Comerica Bank lifted its holdings in shares of Invesco Preferred ETF by 28.3% during the 1st quarter. Comerica Bank now owns 177,530 shares of the company’s stock valued at $2,109,000 after acquiring an additional 39,126 shares in the last quarter.

Invesco Preferred ETF Stock Up 0.2 %

Shares of Invesco Preferred ETF stock opened at $12.52 on Friday. The company has a fifty day moving average price of $11.92 and a 200 day moving average price of $11.74. Invesco Preferred ETF has a twelve month low of $10.14 and a twelve month high of $12.54.

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.