Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by Intrepid Financial Planning Group LLC

Intrepid Financial Planning Group LLC decreased its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 5.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,078,964 shares of the company’s stock after selling 59,997 shares during the quarter. Invesco Preferred ETF makes up about 5.7% of Intrepid Financial Planning Group LLC’s holdings, making the stock its 4th biggest holding. Intrepid Financial Planning Group LLC’s holdings in Invesco Preferred ETF were worth $13,325,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Apollon Wealth Management LLC increased its holdings in Invesco Preferred ETF by 2,034.9% during the 2nd quarter. Apollon Wealth Management LLC now owns 2,439,962 shares of the company’s stock worth $28,182,000 after purchasing an additional 2,325,672 shares during the period. ACT Advisors LLC. purchased a new stake in shares of Invesco Preferred ETF in the third quarter valued at about $17,368,000. LPL Financial LLC increased its holdings in shares of Invesco Preferred ETF by 9.7% in the second quarter. LPL Financial LLC now owns 13,579,206 shares of the company’s stock valued at $156,840,000 after purchasing an additional 1,197,584 shares during the period. Cetera Investment Advisers grew its position in Invesco Preferred ETF by 120.5% in the 1st quarter. Cetera Investment Advisers now owns 742,883 shares of the company’s stock valued at $8,825,000 after buying an additional 405,912 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Invesco Preferred ETF in the 2nd quarter worth $3,917,000.

Invesco Preferred ETF Stock Down 1.1 %

Shares of PGX stock opened at $12.18 on Tuesday. The business’s fifty day moving average price is $12.30 and its 200 day moving average price is $11.88. Invesco Preferred ETF has a 1-year low of $10.75 and a 1-year 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.