Apollon Wealth Management LLC Sells 4,351 Shares of Invesco Preferred ETF $PGX

Apollon Wealth Management LLC decreased its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 14.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,063 shares of the company’s stock after selling 4,351 shares during the quarter. Apollon Wealth Management LLC’s holdings in Invesco Preferred ETF were worth $279,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PGX. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Invesco Preferred ETF during the first quarter worth approximately $9,537,000. Goldman Sachs Group Inc. grew its stake in Invesco Preferred ETF by 57.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,874,427 shares of the company’s stock worth $21,031,000 after purchasing an additional 683,754 shares in the last quarter. LPL Financial LLC grew its stake in Invesco Preferred ETF by 3.3% in the first quarter. LPL Financial LLC now owns 15,193,057 shares of the company’s stock worth $170,466,000 after purchasing an additional 486,697 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Invesco Preferred ETF during the 2nd quarter worth $4,964,000. Finally, Jane Street Group LLC raised its position in Invesco Preferred ETF by 181.6% during the 1st quarter. Jane Street Group LLC now owns 420,120 shares of the company’s stock valued at $4,714,000 after purchasing an additional 270,939 shares in the last quarter. 8.60% of the stock is owned by hedge funds and other institutional investors.

Invesco Preferred ETF Trading Up 0.1%

Shares of PGX stock opened at $11.55 on Friday. Invesco Preferred ETF has a twelve month low of $10.70 and a twelve month high of $12.50. The stock has a fifty day simple moving average of $11.61 and a two-hundred day simple moving average of $11.27.

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.