Transcend Capital Advisors LLC Sells 139,236 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Transcend Capital Advisors LLC reduced its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 81.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 30,801 shares of the company’s stock after selling 139,236 shares during the period. Transcend Capital Advisors LLC’s holdings in Invesco Preferred ETF were worth $355,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Spectrum Asset Management Inc. increased its holdings in Invesco Preferred ETF by 64.7% during the 4th quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock worth $66,546,000 after purchasing an additional 2,266,498 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Invesco Preferred ETF by 71.6% during the 3rd 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 in the last quarter. Advisors Management Group Inc. ADV increased its holdings in Invesco Preferred ETF by 3.8% during the 4th quarter. Advisors Management Group Inc. ADV now owns 1,288,642 shares of the company’s stock worth $14,858,000 after purchasing an additional 47,652 shares in the last quarter. Stifel Financial Corp increased its holdings in Invesco Preferred ETF by 6.8% during the 3rd quarter. Stifel Financial Corp now owns 951,769 shares of the company’s stock worth $11,754,000 after purchasing an additional 60,601 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Invesco Preferred ETF by 657.9% during the 4th quarter. Principal Financial Group Inc. now owns 717,581 shares of the company’s stock worth $8,274,000 after purchasing an additional 622,895 shares in the last quarter.

Invesco Preferred ETF Price Performance

PGX stock opened at $11.60 on Monday. The business has a 50 day moving average of $11.59 and a 200-day moving average of $11.93. Invesco Preferred ETF has a 12-month low of $11.23 and a 12-month high of $12.54.

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.