Edge Wealth Management LLC Decreases Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Edge Wealth Management LLC decreased its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 24.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,167 shares of the company’s stock after selling 9,540 shares during the period. Edge Wealth Management LLC’s holdings in Invesco Preferred ETF were worth $358,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PGX. Gradient Investments LLC increased its stake in shares of Invesco Preferred ETF by 102.9% in the fourth quarter. Gradient Investments LLC now owns 2,755 shares of the company’s stock worth $32,000 after acquiring an additional 1,397 shares during the period. Fortitude Family Office LLC acquired a new stake in shares of Invesco Preferred ETF in the fourth quarter worth $32,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Invesco Preferred ETF in the fourth quarter worth $34,000. Capital Analysts LLC increased its stake in shares of Invesco Preferred ETF by 91.4% in the fourth quarter. Capital Analysts LLC now owns 3,465 shares of the company’s stock worth $40,000 after acquiring an additional 1,655 shares during the period. Finally, Trifecta Capital Advisors LLC acquired a new stake in shares of Invesco Preferred ETF in the fourth quarter worth $69,000.

Invesco Preferred ETF Stock Performance

NYSEARCA PGX traded down $0.01 during mid-day trading on Friday, reaching $11.59. 195,749 shares of the stock were exchanged, compared to its average volume of 3,464,764. The business’s 50 day moving average is $11.53 and its 200-day moving average is $11.65. Invesco Preferred ETF has a 1 year low of $10.14 and a 1 year high of $12.06.

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.