Invesco Preferred ETF $PGX Shares Sold by Arkos Global Advisors

Arkos Global Advisors lowered its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 11.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 402,698 shares of the company’s stock after selling 49,663 shares during the period. Invesco Preferred ETF makes up approximately 0.6% of Arkos Global Advisors’ portfolio, making the stock its 25th largest position. Arkos Global Advisors’ holdings in Invesco Preferred ETF were worth $4,526,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Triumph Capital Management acquired a new position in shares of Invesco Preferred ETF in the third quarter worth $29,000. Ransom Advisory Ltd acquired a new stake in shares of Invesco Preferred ETF during the fourth quarter valued at $31,000. International Assets Investment Management LLC acquired a new stake in shares of Invesco Preferred ETF during the fourth quarter valued at $55,000. EverSource Wealth Advisors LLC increased its position in Invesco Preferred ETF by 93.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,003 shares of the company’s stock worth $67,000 after purchasing an additional 2,903 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Invesco Preferred ETF during the 3rd quarter worth about $70,000. Institutional investors and hedge funds own 8.60% of the company’s stock.

Invesco Preferred ETF Price Performance

Shares of PGX stock opened at $10.92 on Friday. The firm has a 50-day moving average price of $11.06 and a 200 day moving average price of $11.21. Invesco Preferred ETF has a twelve month low of $10.84 and a twelve month high of $11.92.

Invesco Preferred ETF 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.