Invesco Preferred ETF $PGX Shares Sold by Bank of Montreal Can

Bank of Montreal Can trimmed its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 8.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 810,834 shares of the company’s stock after selling 78,452 shares during the quarter. Bank of Montreal Can owned approximately 0.23% of Invesco Preferred ETF worth $9,025,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Abound Wealth Management acquired a new position in Invesco Preferred ETF in the second quarter worth about $33,000. Motco bought a new stake in shares of Invesco Preferred ETF in the 2nd quarter valued at approximately $39,000. SVB Wealth LLC bought a new stake in shares of Invesco Preferred ETF in the 1st quarter valued at approximately $43,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Invesco Preferred ETF by 94.4% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,430 shares of the company’s stock valued at $60,000 after acquiring an additional 2,637 shares in the last quarter. Finally, Harbour Investments Inc. lifted 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 purchasing an additional 1,161 shares during the last quarter. Institutional investors and hedge funds own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Down 0.1%

Invesco Preferred ETF stock opened at $11.43 on Monday. Invesco Preferred ETF has a 12 month low of $10.70 and a 12 month high of $12.32. The company has a fifty day moving average price of $11.62 and a two-hundred day moving average price of $11.33.

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.