Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. lowered its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 20.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 11,062 shares of the company’s stock after selling 2,807 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in Invesco Preferred ETF were worth $128,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Advisory Alpha LLC grew its position in Invesco Preferred ETF by 0.6% during the 2nd quarter. Advisory Alpha LLC now owns 152,206 shares of the company’s stock worth $1,758,000 after purchasing an additional 914 shares during the period. NBC Securities Inc. lifted its holdings 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 acquiring an additional 950 shares during the period. Captrust Financial Advisors boosted its position in Invesco Preferred ETF by 1.1% in the 3rd quarter. Captrust Financial Advisors now owns 87,953 shares of the company’s stock worth $1,086,000 after purchasing an additional 991 shares in the last quarter. Wagner Wealth Management LLC grew its stake in shares of Invesco Preferred ETF by 2.1% during the 3rd quarter. Wagner Wealth Management LLC now owns 59,817 shares of the company’s stock worth $739,000 after purchasing an additional 1,239 shares during the period. Finally, Gladstone Institutional Advisory LLC increased its holdings in shares of Invesco Preferred ETF by 5.5% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 27,089 shares of the company’s stock valued at $335,000 after purchasing an additional 1,422 shares in the last quarter.

Invesco Preferred ETF Stock Performance

NYSEARCA:PGX opened at $11.77 on Tuesday. Invesco Preferred ETF has a 52 week low of $11.23 and a 52 week high of $12.54. The stock’s 50-day moving average price is $11.71 and its 200-day moving average price is $11.95.

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.