Coastwise Capital Group LLC Sells 3,006 Shares of Invesco Preferred ETF $PGX

Coastwise Capital Group LLC lowered its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 5.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,988 shares of the company’s stock after selling 3,006 shares during the period. Coastwise Capital Group LLC’s holdings in Invesco Preferred ETF were worth $601,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PGX. SVB Wealth LLC bought a new stake in Invesco Preferred ETF during the first quarter worth about $43,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Invesco Preferred ETF by 94.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,430 shares of the company’s stock worth $60,000 after acquiring an additional 2,637 shares in the last quarter. Harbour Investments Inc. boosted its stake in Invesco Preferred ETF by 25.5% during the first quarter. Harbour Investments Inc. now owns 5,720 shares of the company’s stock worth $64,000 after acquiring an additional 1,161 shares in the last quarter. Ameriflex Group Inc. bought a new stake in Invesco Preferred ETF during the fourth quarter worth about $91,000. Finally, Fourth Dimension Wealth LLC bought a new stake in Invesco Preferred ETF during the fourth quarter worth about $104,000. Institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Price Performance

NYSEARCA:PGX opened at $11.84 on Friday. Invesco Preferred ETF has a one year low of $10.70 and a one year high of $12.54. The company’s 50-day simple moving average is $11.45 and its 200 day simple moving average is $11.24.

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.