IHT Wealth Management LLC Cuts Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

IHT Wealth Management LLC reduced its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 87.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,609 shares of the company’s stock after selling 119,996 shares during the period. IHT Wealth Management LLC’s holdings in Invesco Preferred ETF were worth $205,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL acquired a new position in Invesco Preferred ETF during the second quarter worth about $35,000. Eastern Bank acquired a new position in Invesco Preferred ETF during the third quarter worth about $37,000. Orrstown Financial Services Inc. acquired a new position in Invesco Preferred ETF during the third quarter worth about $124,000. Ellis Investment Partners LLC acquired a new position in Invesco Preferred ETF during the third quarter worth about $124,000. Finally, Benjamin Edwards Inc. acquired a new position in Invesco Preferred ETF during the third quarter worth about $127,000.

Invesco Preferred ETF Stock Performance

Shares of PGX opened at $11.89 on Wednesday. The firm’s 50-day moving average is $12.13 and its two-hundred day moving average is $11.94. Invesco Preferred ETF has a twelve month low of $11.11 and a twelve month high of $12.54.

About Invesco Preferred ETF

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.