Northstar Advisory Group LLC Has $361,000 Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Northstar Advisory Group LLC cut its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 13.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,267 shares of the company’s stock after selling 4,702 shares during the period. Northstar Advisory Group LLC’s holdings in Invesco Preferred ETF were worth $361,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco Preferred ETF in the third quarter worth approximately $31,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Invesco Preferred ETF during the second quarter valued at approximately $35,000. Eastern Bank bought a new stake in Invesco Preferred ETF during the third quarter worth $37,000. Orrstown Financial Services Inc. purchased a new stake in Invesco Preferred ETF in the 3rd quarter valued at $124,000. Finally, Ellis Investment Partners LLC bought a new position in Invesco Preferred ETF during the 3rd quarter valued at $124,000.

Invesco Preferred ETF Price Performance

PGX traded down $0.05 during mid-day trading on Monday, reaching $11.29. 11,665,912 shares of the stock were exchanged, compared to its average volume of 8,771,830. Invesco Preferred ETF has a 1 year low of $11.23 and a 1 year high of $12.54. The company has a 50 day moving average price of $11.82 and a two-hundred day moving average price of $11.95.

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.