HBK Sorce Advisory LLC Cuts Stock Position in Invesco Preferred ETF $PGX

HBK Sorce Advisory LLC lessened its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 3.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 186,413 shares of the company’s stock after selling 6,135 shares during the period. HBK Sorce Advisory LLC owned about 0.05% of Invesco Preferred ETF worth $2,075,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Invesco Preferred ETF during the 4th quarter worth $626,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Invesco Preferred ETF during the 1st quarter worth $1,132,000. Mutual Advisors LLC increased its stake in Invesco Preferred ETF by 5.2% during the 1st quarter. Mutual Advisors LLC now owns 29,335 shares of the company’s stock worth $325,000 after buying an additional 1,457 shares during the period. Checchi Capital Advisers LLC increased its stake in Invesco Preferred ETF by 20.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 1,393,688 shares of the company’s stock worth $15,637,000 after buying an additional 240,963 shares during the period. Finally, Aurora Private Wealth Inc. purchased a new stake in Invesco Preferred ETF during the 1st quarter worth $549,000. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Down 0.6%

Invesco Preferred ETF stock opened at $11.49 on Friday. The firm’s fifty day moving average price is $11.63 and its 200 day moving average price is $11.30. Invesco Preferred ETF has a 12-month low of $10.70 and a 12-month high of $12.32.

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.