Balanced Wealth Group LLC Has $149,000 Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Balanced Wealth Group LLC trimmed its position in Invesco Preferred ETF (NYSEARCA:PGX) by 67.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,257 shares of the company’s stock after selling 27,597 shares during the quarter. Balanced Wealth Group LLC’s holdings in Invesco Preferred ETF were worth $149,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP bought a new stake in shares of Invesco Preferred ETF during the fourth quarter worth approximately $110,748,000. Bank of America Corp DE boosted its position in shares of Invesco Preferred ETF by 14.9% during the fourth quarter. Bank of America Corp DE now owns 63,414,625 shares of the company’s stock worth $731,171,000 after buying an additional 8,205,825 shares during the period. Cohen & Steers Inc. boosted its position in shares of Invesco Preferred ETF by 2,643,140.2% during the fourth quarter. Cohen & Steers Inc. now owns 4,995,724 shares of the company’s stock worth $57,601,000 after buying an additional 4,995,535 shares during the period. Raymond James Financial Inc. bought a new position in shares of Invesco Preferred ETF during the fourth quarter worth about $29,537,000. Finally, JPMorgan Chase & Co. raised its position in Invesco Preferred ETF by 131.9% in the 4th quarter. JPMorgan Chase & Co. now owns 4,148,592 shares of the company’s stock valued at $47,833,000 after buying an additional 2,359,356 shares during the last quarter.

Invesco Preferred ETF Stock Performance

NYSEARCA PGX opened at $11.04 on Thursday. Invesco Preferred ETF has a 52 week low of $10.70 and a 52 week high of $12.54. The stock’s 50 day moving average price is $10.99 and its two-hundred day moving average price is $11.39.

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.