Brookstone Capital Management Cuts Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Brookstone Capital Management decreased its position in Invesco Preferred ETF (NYSEARCA:PGX) by 19.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,148 shares of the company’s stock after selling 11,576 shares during the period. Brookstone Capital Management’s holdings in Invesco Preferred ETF were worth $567,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of PGX. Jane Street Group LLC boosted its holdings in Invesco Preferred ETF by 85.7% in the 3rd quarter. Jane Street Group LLC now owns 75,421 shares of the company’s stock worth $931,000 after buying an additional 34,804 shares during the period. JPMorgan Chase & Co. lifted its stake in Invesco Preferred ETF by 71.6% in the third quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock worth $22,097,000 after purchasing an additional 746,783 shares during the last quarter. Principal Financial Group Inc. lifted its position in Invesco Preferred ETF by 632.8% in the third quarter. Principal Financial Group Inc. now owns 94,686 shares of the company’s stock valued at $1,169,000 after purchasing an additional 81,764 shares during the last quarter. Kades & Cheifetz LLC raised its stake in shares of Invesco Preferred ETF by 1.8% during the third quarter. Kades & Cheifetz LLC now owns 265,479 shares of the company’s stock valued at $3,279,000 after acquiring an additional 4,649 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its stake in shares of Invesco Preferred ETF by 59.3% during the third quarter. Sanctuary Advisors LLC now owns 547,388 shares of the company’s stock valued at $6,541,000 after buying an additional 203,752 shares during the period.

Invesco Preferred ETF Price Performance

Shares of NYSEARCA:PGX opened at $11.63 on Friday. The stock has a 50 day moving average price of $11.75 and a 200-day moving average price of $11.94. Invesco Preferred ETF has a 52-week low of $11.23 and a 52-week 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.