IFP Advisors Inc Sells 46,578 Shares of Invesco Preferred ETF $PGX

IFP Advisors Inc reduced its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 23.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 154,907 shares of the company’s stock after selling 46,578 shares during the period. IFP Advisors Inc’s holdings in Invesco Preferred ETF were worth $1,741,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PGX. Triumph Capital Management bought a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth approximately $29,000. Ransom Advisory Ltd bought a new stake in shares of Invesco Preferred ETF during the 4th quarter worth approximately $31,000. WealthShield Partners LLC lifted its stake in shares of Invesco Preferred ETF by 753.8% during the 3rd quarter. WealthShield Partners LLC now owns 3,885 shares of the company’s stock worth $45,000 after acquiring an additional 3,430 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Invesco Preferred ETF during the 4th quarter worth approximately $55,000. Finally, Advisory Services Network LLC bought a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth approximately $70,000. 8.60% of the stock is owned by institutional investors.

Invesco Preferred ETF Price Performance

Shares of PGX stock opened at $10.95 on Friday. Invesco Preferred ETF has a 52-week low of $10.83 and a 52-week high of $11.92. The stock has a 50 day moving average price of $11.09 and a 200 day moving average price of $11.25.

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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.