Renaissance Technologies LLC Reduces Stake in Invesco Preferred ETF (NYSEARCA:PGX)

Renaissance Technologies LLC lowered its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 27.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,800 shares of the company’s stock after selling 40,600 shares during the quarter. Renaissance Technologies LLC’s holdings in Invesco Preferred ETF were worth $1,268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Stifel Financial Corp raised 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 buying an additional 29,322 shares in the last quarter. Belpointe Asset Management LLC bought a new position in shares of Invesco Preferred ETF in the fourth quarter worth approximately $271,000. Oppenheimer & Co. Inc. raised its stake in Invesco Preferred ETF by 14.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 181,264 shares of the company’s stock valued at $2,079,000 after purchasing an additional 22,773 shares in the last quarter. Basso Capital Management L.P. bought a new stake in Invesco Preferred ETF during the fourth quarter valued at approximately $118,000. Finally, Cohen & Steers Inc. grew its stake in Invesco Preferred ETF by 1,074,842.8% in the 4th quarter. Cohen & Steers Inc. now owns 6,707,643 shares of the company’s stock worth $76,937,000 after buying an additional 6,707,019 shares in the last quarter.

Invesco Preferred ETF Trading Down 0.6 %

PGX opened at $12.36 on Friday. Invesco Preferred ETF has a 12-month low of $10.14 and a 12-month high of $12.54. The stock has a 50-day moving average price of $12.07 and a 200-day moving average price of $11.78.

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.