Balanced Wealth Group LLC Sells 53,044 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Balanced Wealth Group LLC decreased its position in Invesco Preferred ETF (NYSEARCA:PGX) by 56.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 40,854 shares of the company’s stock after selling 53,044 shares during the quarter. Balanced Wealth Group LLC’s holdings in Invesco Preferred ETF were worth $472,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PGX. Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco Preferred ETF during the 3rd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in 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 worth $32,000 after acquiring an additional 2,093 shares in the last quarter. Kentucky Trust Co purchased a new stake in Invesco Preferred ETF during the 4th quarter valued at approximately $36,000. Roxbury Financial LLC purchased a new stake in Invesco Preferred ETF during the 4th quarter valued at approximately $42,000. Finally, Benjamin Edwards Inc. purchased a new stake in Invesco Preferred ETF during the 3rd quarter valued at approximately $127,000.

Invesco Preferred ETF Trading Up 0.5 %

NYSEARCA PGX opened at $11.49 on Thursday. Invesco Preferred ETF has a one year low of $11.23 and a one year high of $12.54. The stock has a 50 day moving average price of $11.60 and a 200-day moving average price of $11.91.

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.