Invesco Preferred ETF (PGX) Stake Lowered by Sound Income Strategies LLC
Sound Income Strategies LLC lessened its position in Invesco Preferred ETF (NYSEARCA:PGX) by 12.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,387 shares of the company’s stock after selling 2,099 shares during the period. Sound Income Strategies LLC’s holdings in Invesco Preferred ETF were worth $194,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Monument Capital Management bought a new position in shares of Invesco Preferred ETF in the third quarter valued at about $102,000. Capital Advisors Ltd. LLC bought a new position in shares of Invesco Preferred ETF in the third quarter valued at about $112,000. Bridgeworth LLC bought a new position in shares of Invesco Preferred ETF in the second quarter valued at about $125,000. Canandaigua National Bank & Trust Co. bought a new position in shares of Invesco Preferred ETF in the third quarter valued at about $145,000. Finally, ST Germain D J Co. Inc. bought a new position in shares of Invesco Preferred ETF in the third quarter valued at about $199,000.
Shares of Invesco Preferred ETF stock traded up $0.02 during trading on Friday, reaching $13.91. The company’s stock had a trading volume of 35,050 shares, compared to its average volume of 3,219,474. Invesco Preferred ETF has a one year low of $13.12 and a one year high of $14.86.
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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.
Further Reading: The components of the Stochastic Momentum Index
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