Wiser Advisor Group LLC Sells 2,334 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Wiser Advisor Group LLC reduced its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 7.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,252 shares of the company’s stock after selling 2,334 shares during the period. Wiser Advisor Group LLC’s holdings in Invesco Preferred ETF were worth $361,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Advisory Alpha LLC raised its stake in Invesco Preferred ETF by 0.6% during the second quarter. Advisory Alpha LLC now owns 152,206 shares of the company’s stock worth $1,758,000 after buying an additional 914 shares during the last quarter. NBC Securities Inc. grew its stake in Invesco Preferred ETF by 2.8% during the third quarter. NBC Securities Inc. now owns 34,376 shares of the company’s stock worth $424,000 after purchasing an additional 950 shares during the period. Oxbow Advisors LLC increased its holdings in Invesco Preferred ETF by 5.6% in the second quarter. Oxbow Advisors LLC now owns 22,494 shares of the company’s stock worth $260,000 after purchasing an additional 1,199 shares in the last quarter. Argus Investors Counsel Inc. boosted its holdings in shares of Invesco Preferred ETF by 3.1% during the 2nd quarter. Argus Investors Counsel Inc. now owns 41,526 shares of the company’s stock worth $480,000 after buying an additional 1,237 shares in the last quarter. Finally, Wagner Wealth Management LLC increased its stake in shares of Invesco Preferred ETF by 2.1% in the 3rd quarter. Wagner Wealth Management LLC now owns 59,817 shares of the company’s stock valued at $739,000 after acquiring an additional 1,239 shares in the last quarter.

Invesco Preferred ETF Trading Up 0.7 %

PGX traded up $0.08 during midday trading on Monday, hitting $12.03. The company had a trading volume of 910,316 shares, compared to its average volume of 3,362,554. The stock’s 50 day moving average price is $12.26 and its 200 day moving average price is $11.91. Invesco Preferred ETF has a 52 week low of $10.93 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.