Kingsview Wealth Management LLC Cuts Stake in Invesco Preferred ETF (NYSEARCA:PGX)

Kingsview Wealth Management LLC lessened its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 1.5% during the third quarter, HoldingsChannel reports. The firm owned 93,986 shares of the company’s stock after selling 1,453 shares during the period. Kingsview Wealth Management LLC’s holdings in Invesco Preferred ETF were worth $1,161,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of PGX. Comerica Bank lifted its position in Invesco Preferred ETF by 28.3% during the 1st quarter. Comerica Bank now owns 177,530 shares of the company’s stock worth $2,109,000 after acquiring an additional 39,126 shares in the last quarter. Kades & Cheifetz LLC raised its stake in shares of Invesco Preferred ETF by 1.8% during the third quarter. Kades & Cheifetz LLC now owns 265,479 shares of the company’s stock valued at $3,279,000 after purchasing an additional 4,649 shares during the period. Sound Income Strategies LLC lifted its position in shares of Invesco Preferred ETF by 3.6% during the third quarter. Sound Income Strategies LLC now owns 437,945 shares of the company’s stock worth $5,409,000 after purchasing an additional 15,151 shares in the last quarter. Sax Wealth Advisors LLC boosted its stake in shares of Invesco Preferred ETF by 9.4% in the second quarter. Sax Wealth Advisors LLC now owns 17,565 shares of the company’s stock valued at $203,000 after purchasing an additional 1,510 shares during the period. Finally, Ariadne Wealth Management LP purchased a new position in shares of Invesco Preferred ETF in the second quarter valued at $373,000.

Invesco Preferred ETF Stock Down 1.0 %

Invesco Preferred ETF stock opened at $11.90 on Wednesday. Invesco Preferred ETF has a 12-month low of $10.93 and a 12-month high of $12.54. The firm’s fifty day moving average price is $12.24 and its 200 day moving average price is $11.92.

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.