Charles Schwab Trust Co Lowers Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Charles Schwab Trust Co decreased its position in Invesco Preferred ETF (NYSEARCA:PGX) by 16.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 133,720 shares of the company’s stock after selling 27,236 shares during the period. Charles Schwab Trust Co’s holdings in Invesco Preferred ETF were worth $1,542,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PGX. Prairiewood Capital LLC lifted its holdings in Invesco Preferred ETF by 5.7% during the fourth quarter. Prairiewood Capital LLC now owns 559,176 shares of the company’s stock valued at $6,447,000 after purchasing an additional 30,293 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Invesco Preferred ETF by 104.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 42,629 shares of the company’s stock worth $492,000 after purchasing an additional 21,729 shares during the last quarter. Purus Wealth Management LLC acquired a new position in shares of Invesco Preferred ETF during the 4th quarter worth about $192,000. Sax Wealth Advisors LLC lifted its stake in Invesco Preferred ETF by 7.0% in the 4th quarter. Sax Wealth Advisors LLC now owns 21,951 shares of the company’s stock valued at $253,000 after buying an additional 1,440 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in Invesco Preferred ETF by 8.4% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 33,422 shares of the company’s stock worth $385,000 after buying an additional 2,576 shares during the last quarter.

Invesco Preferred ETF Price Performance

Shares of Invesco Preferred ETF stock opened at $11.63 on Tuesday. The business has a 50 day simple moving average of $11.74 and a two-hundred day simple moving average of $11.95. Invesco Preferred ETF has a 12 month low of $11.23 and a 12 month high of $12.54.

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.