Howard Wealth Management LLC Has $198,000 Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Howard Wealth Management LLC lowered its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 56.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,187 shares of the company’s stock after selling 22,590 shares during the period. Howard Wealth Management LLC’s holdings in Invesco Preferred ETF were worth $198,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. NBC Securities Inc. boosted its position in Invesco Preferred ETF by 2.8% in the third quarter. NBC Securities Inc. now owns 34,376 shares of the company’s stock valued at $424,000 after buying an additional 950 shares in the last quarter. Captrust Financial Advisors boosted its position in Invesco Preferred ETF by 1.1% in the third quarter. Captrust Financial Advisors now owns 87,953 shares of the company’s stock valued at $1,086,000 after buying an additional 991 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its position in Invesco Preferred ETF by 5.5% in the third quarter. Gladstone Institutional Advisory LLC now owns 27,089 shares of the company’s stock valued at $335,000 after buying an additional 1,422 shares in the last quarter. Sax Wealth Advisors LLC boosted its position in Invesco Preferred ETF by 7.0% in the fourth quarter. Sax Wealth Advisors LLC now owns 21,951 shares of the company’s stock valued at $253,000 after buying an additional 1,440 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in Invesco Preferred ETF by 0.4% in the third quarter. Integrated Wealth Concepts LLC now owns 387,083 shares of the company’s stock valued at $4,780,000 after buying an additional 1,519 shares in the last quarter.

Invesco Preferred ETF Stock Performance

Shares of Invesco Preferred ETF stock opened at $11.69 on Friday. The company’s 50 day moving average price is $11.62 and its two-hundred day moving average price is $11.93. Invesco Preferred ETF has a fifty-two week low of $11.23 and a fifty-two week high of $12.54.

About Invesco Preferred ETF

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.