Invesco Preferred ETF (NYSEARCA:PGX) Stake Lessened by Tudor Financial Inc.

Tudor Financial Inc. lowered its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 2.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,370 shares of the company’s stock after selling 3,725 shares during the period. Invesco Preferred ETF makes up 1.0% of Tudor Financial Inc.’s portfolio, making the stock its 26th biggest position. Tudor Financial Inc.’s holdings in Invesco Preferred ETF were worth $1,710,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PGX. Bernard Wealth Management Corp. purchased a new stake in shares of Invesco Preferred ETF during the fourth quarter worth $26,000. Roxbury Financial LLC purchased a new stake in shares of Invesco Preferred ETF during the fourth quarter worth $42,000. Tower Research Capital LLC TRC raised its holdings in shares of Invesco Preferred ETF by 52.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,940 shares of the company’s stock worth $45,000 after acquiring an additional 1,360 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its holdings in shares of Invesco Preferred ETF by 42.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 4,027 shares of the company’s stock worth $46,000 after acquiring an additional 1,191 shares in the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in shares of Invesco Preferred ETF during the fourth quarter worth $50,000.

Invesco Preferred ETF Trading Down 0.4%

Shares of NYSEARCA:PGX opened at $11.00 on Friday. Invesco Preferred ETF has a 1 year low of $10.70 and a 1 year high of $12.54. The business has a fifty day simple moving average of $10.99 and a 200 day simple moving average of $11.39.

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.