Raymond James & Associates Trims Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Raymond James & Associates decreased its position in Invesco Preferred ETF (NYSEARCA:PGX) by 27.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 667,273 shares of the company’s stock after selling 258,203 shares during the period. Raymond James & Associates owned 0.18% of Invesco Preferred ETF worth $8,241,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PGX. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Invesco Preferred ETF in the 2nd quarter worth $35,000. Central Pacific Bank Trust Division purchased a new stake in Invesco Preferred ETF in the first quarter worth about $46,000. Consultiva Wealth Management CORP. purchased a new position in Invesco Preferred ETF during the 1st quarter valued at about $96,000. Duncker Streett & Co. Inc. raised its holdings in shares of Invesco Preferred ETF by 22.2% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 11,000 shares of the company’s stock valued at $127,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position in shares of Invesco Preferred ETF by 48.9% in the 1st quarter. Headlands Technologies LLC now owns 10,839 shares of the company’s stock worth $129,000 after purchasing an additional 3,561 shares during the period.

Invesco Preferred ETF Price Performance

Shares of PGX stock opened at $12.13 on Wednesday. The company’s 50 day moving average is $12.26 and its 200 day moving average is $11.83. Invesco Preferred ETF has a 52-week low of $10.19 and a 52-week high of $12.54.

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.