Geneos Wealth Management Inc. lowered its position in Invesco Preferred ETF (NYSEARCA:PGX – Free Report) by 14.0% in the first quarter, HoldingsChannel reports. The firm owned 310,360 shares of the company’s stock after selling 50,471 shares during the period. Geneos Wealth Management Inc.’s holdings in Invesco Preferred ETF were worth $3,377,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. Cohen & Steers Inc. increased its holdings in shares of Invesco Preferred ETF by 1,881.8% during the 4th quarter. Cohen & Steers Inc. now owns 2,157,935 shares of the company’s stock worth $24,255,000 after buying an additional 2,049,049 shares during the last quarter. First Trust Advisors LP purchased a new position in Invesco Preferred ETF in the fourth quarter worth approximately $22,103,000. Spectrum Asset Management Inc. increased its stake in Invesco Preferred ETF by 47.9% during the fourth quarter. Spectrum Asset Management Inc. now owns 5,372,426 shares of the company’s stock worth $60,386,000 after acquiring an additional 1,739,156 shares during the last quarter. UBS Group AG raised its position in Invesco Preferred ETF by 32.2% in the fourth quarter. UBS Group AG now owns 5,345,570 shares of the company’s stock valued at $60,084,000 after purchasing an additional 1,300,981 shares during the period. Finally, New England Private Wealth Advisors LLC raised its position in Invesco Preferred ETF by 2,024.5% in the fourth quarter. New England Private Wealth Advisors LLC now owns 1,227,261 shares of the company’s stock valued at $13,817,000 after purchasing an additional 1,169,495 shares during the period. 8.60% of the stock is owned by hedge funds and other institutional investors.
Invesco Preferred ETF Trading Down 0.1%
NYSEARCA PGX opened at $10.86 on Friday. Invesco Preferred ETF has a twelve month low of $10.76 and a twelve month high of $11.92. The stock has a fifty day simple moving average of $10.94 and a 200-day simple moving average of $11.14.
Invesco Preferred ETF Company 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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.
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