Friedenthal Financial Has $325,000 Stake in Invesco Preferred ETF (NYSEARCA:PGX)

Friedenthal Financial trimmed its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 8.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,940 shares of the company’s stock after selling 2,680 shares during the period. Friedenthal Financial’s holdings in Invesco Preferred ETF were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PGX. Bernard Wealth Management Corp. acquired a new position in Invesco Preferred ETF in the fourth quarter valued at about $26,000. Tower Research Capital LLC TRC lifted its holdings in shares of Invesco Preferred ETF by 52.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,940 shares of the company’s stock valued at $45,000 after purchasing an additional 1,360 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its holdings in shares of Invesco Preferred ETF by 42.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 4,027 shares of the company’s stock valued at $46,000 after purchasing an additional 1,191 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of Invesco Preferred ETF in the fourth quarter valued at about $50,000. Finally, Ameriflex Group Inc. bought a new stake in shares of Invesco Preferred ETF in the fourth quarter valued at about $91,000.

Invesco Preferred ETF Trading Up 0.3%

PGX opened at $11.05 on Thursday. Invesco Preferred ETF has a 52-week low of $10.70 and a 52-week high of $12.54. The business’s 50-day simple moving average is $10.99 and its 200 day simple moving average is $11.36.

Invesco Preferred ETF 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.