Oxbow Advisors LLC Decreases Stake in Invesco Preferred ETF (NYSEARCA:PGX)

Oxbow Advisors LLC lessened its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 38.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,153 shares of the company’s stock after selling 9,391 shares during the quarter. Oxbow Advisors LLC’s holdings in Invesco Preferred ETF were worth $175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Spectrum Asset Management Inc. boosted its stake in shares of Invesco Preferred ETF by 64.7% during the 4th quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock valued at $66,546,000 after buying an additional 2,266,498 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Invesco Preferred ETF by 71.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock valued at $22,097,000 after buying an additional 746,783 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Invesco Preferred ETF by 657.9% during the 4th quarter. Principal Financial Group Inc. now owns 717,581 shares of the company’s stock valued at $8,274,000 after buying an additional 622,895 shares during the last quarter. Barclays PLC boosted its stake in shares of Invesco Preferred ETF by 18,430.0% during the 3rd quarter. Barclays PLC now owns 555,900 shares of the company’s stock valued at $6,865,000 after buying an additional 552,900 shares during the last quarter. Finally, Trinity Legacy Partners LLC purchased a new position in shares of Invesco Preferred ETF during the 4th quarter valued at approximately $4,538,000.

Invesco Preferred ETF Price Performance

PGX stock opened at $11.60 on Friday. Invesco Preferred ETF has a 12-month low of $11.23 and a 12-month high of $12.54. The stock’s 50 day simple moving average is $11.59 and its 200 day simple moving average is $11.93.

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.