Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by Wealthspire Advisors LLC

Wealthspire Advisors LLC lessened its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 32.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 79,890 shares of the company’s stock after selling 37,905 shares during the quarter. Wealthspire Advisors LLC’s holdings in Invesco Preferred ETF were worth $921,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new position in Invesco Preferred ETF in the third quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Invesco Preferred ETF by 299.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock valued at $32,000 after purchasing an additional 2,093 shares in the last quarter. Kentucky Trust Co purchased a new stake in shares of Invesco Preferred ETF during the 4th quarter worth $36,000. Roxbury Financial LLC acquired a new position in shares of Invesco Preferred ETF during the fourth quarter worth $42,000. Finally, Orrstown Financial Services Inc. acquired a new position in shares of Invesco Preferred ETF during the third quarter worth $124,000.

Invesco Preferred ETF Stock Performance

Invesco Preferred ETF stock opened at $11.68 on Wednesday. The stock’s fifty day moving average is $11.59 and its two-hundred day moving average is $11.93. Invesco Preferred ETF has a 1-year low of $11.23 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.