Invesco Preferred ETF $PGX Stock Position Decreased by Lion Street Advisors LLC

Lion Street Advisors LLC lessened its position in Invesco Preferred ETF (NYSEARCA:PGX) by 6.1% during the second quarter, Holdings Channel reports. The fund owned 38,526 shares of the company’s stock after selling 2,489 shares during the quarter. Lion Street Advisors LLC’s holdings in Invesco Preferred ETF were worth $429,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in PGX. Leading Edge Financial Planning LLC acquired a new stake in Invesco Preferred ETF during the second quarter valued at approximately $154,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Invesco Preferred ETF in the first quarter worth approximately $1,132,000. Farther Finance Advisors LLC increased its stake in Invesco Preferred ETF by 1,730.7% in the 1st quarter. Farther Finance Advisors LLC now owns 26,802 shares of the company’s stock valued at $302,000 after buying an additional 25,338 shares during the period. GAMMA Investing LLC lifted its position in Invesco Preferred ETF by 27.3% in the 1st quarter. GAMMA Investing LLC now owns 35,246 shares of the company’s stock worth $395,000 after buying an additional 7,569 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new stake in Invesco Preferred ETF in the 1st quarter worth approximately $173,000. Institutional investors and hedge funds own 8.60% of the company’s stock.

Invesco Preferred ETF Trading Down 0.7%

Shares of NYSEARCA:PGX opened at $11.50 on Monday. Invesco Preferred ETF has a 1 year low of $10.70 and a 1 year high of $12.52. The business has a fifty day simple moving average of $11.59 and a 200 day simple moving average of $11.26.

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.