Cwm LLC Sells 880 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Cwm LLC reduced its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,159 shares of the company’s stock after selling 880 shares during the period. Cwm LLC’s holdings in Invesco Preferred ETF were worth $385,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new stake in Invesco Preferred ETF during the second quarter valued at $35,000. Central Pacific Bank Trust Division purchased a new position in shares of Invesco Preferred ETF during the 1st quarter worth about $46,000. Private Ocean LLC bought a new position in Invesco Preferred ETF during the 1st quarter valued at about $94,000. Consultiva Wealth Management CORP. purchased a new stake in shares of Invesco Preferred ETF in the first quarter worth approximately $96,000. Finally, Saxony Capital Management LLC bought a new position in Invesco Preferred ETF in the 1st quarter valued at $124,000.

Invesco Preferred ETF Stock Performance

Shares of PGX stock opened at $12.46 on Monday. The company’s 50-day simple moving average is $12.21 and its two-hundred day simple moving average is $11.81. Invesco Preferred ETF has a one year low of $10.14 and a one year 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.