Stifel Financial Corp Trims Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Stifel Financial Corp reduced its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 31.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 651,076 shares of the company’s stock after selling 300,693 shares during the quarter. Stifel Financial Corp’s holdings in Invesco Preferred ETF were worth $7,507,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bernard Wealth Management Corp. bought a new position in Invesco Preferred ETF during the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new position in Invesco Preferred ETF during the third quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Invesco Preferred ETF by 299.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock worth $32,000 after purchasing an additional 2,093 shares during the last quarter. Kentucky Trust Co bought a new position in Invesco Preferred ETF during the fourth quarter worth $36,000. Finally, Roxbury Financial LLC bought a new position in Invesco Preferred ETF during the fourth quarter worth $42,000.

Invesco Preferred ETF Stock Performance

Shares of PGX opened at $11.09 on Tuesday. The business’s fifty day moving average price is $11.29 and its 200 day moving average price is $11.64. Invesco Preferred ETF has a 12-month low of $10.70 and a 12-month high of $12.54.

Invesco Preferred ETF Company Profile

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.