Etesian Wealth Advisors Inc. Sells 5,426 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Etesian Wealth Advisors Inc. reduced its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 3.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 157,928 shares of the company’s stock after selling 5,426 shares during the quarter. Invesco Preferred ETF comprises approximately 1.1% of Etesian Wealth Advisors Inc.’s holdings, making the stock its 26th largest holding. Etesian Wealth Advisors Inc.’s holdings in Invesco Preferred ETF were worth $1,876,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PGX. Cohen & Steers Inc. boosted its position in shares of Invesco Preferred ETF by 1,074,842.8% during the 4th quarter. Cohen & Steers Inc. now owns 6,707,643 shares of the company’s stock valued at $76,937,000 after acquiring an additional 6,707,019 shares during the last quarter. Spectrum Asset Management Inc. raised its holdings in Invesco Preferred ETF by 30.2% during the 4th quarter. Spectrum Asset Management Inc. now owns 3,694,150 shares of the company’s stock valued at $42,376,000 after buying an additional 857,423 shares during the period. Principal Financial Group Inc. raised its holdings in Invesco Preferred ETF by 3,516.3% during the 4th quarter. Principal Financial Group Inc. now owns 602,725 shares of the company’s stock valued at $6,913,000 after buying an additional 586,058 shares during the period. International Assets Investment Management LLC purchased a new stake in Invesco Preferred ETF during the 4th quarter valued at $5,110,000. Finally, Noesis Capital Mangement Corp raised its holdings in Invesco Preferred ETF by 519.3% during the 4th quarter. Noesis Capital Mangement Corp now owns 433,070 shares of the company’s stock valued at $4,967,000 after buying an additional 363,141 shares during the period.

Invesco Preferred ETF Stock Performance

NYSEARCA:PGX traded down $0.01 during midday trading on Wednesday, hitting $11.61. 1,416,204 shares of the company traded hands, compared to its average volume of 3,485,620. The firm’s fifty day moving average is $11.52 and its 200-day moving average is $11.65. Invesco Preferred ETF has a 12-month low of $10.14 and a 12-month high of $12.06.

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.