GPS Wealth Strategies Group LLC cut its position in Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,247 shares of the company’s stock after selling 1,500 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Invesco Preferred ETF were worth $372,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in PGX. Wilmington Savings Fund Society FSB bought a new position in Invesco Preferred ETF in the 3rd quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Invesco Preferred ETF by 299.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock valued at $32,000 after acquiring an additional 2,093 shares during the period. Eastern Bank bought a new position in shares of Invesco Preferred ETF during the third quarter valued at $37,000. Orrstown Financial Services Inc. acquired a new position in shares of Invesco Preferred ETF during the third quarter worth $124,000. Finally, Ellis Investment Partners LLC bought a new stake in shares of Invesco Preferred ETF in the third quarter worth $124,000.
Invesco Preferred ETF Stock Down 0.9 %
Shares of NYSEARCA:PGX opened at $11.55 on Monday. Invesco Preferred ETF has a 12-month low of $11.23 and a 12-month high of $12.54. The business has a fifty day simple moving average of $11.68 and a 200 day simple moving average of $11.94.
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.
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