Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by Tudor Financial Inc.

Tudor Financial Inc. lessened its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,095 shares of the company’s stock after selling 7,970 shares during the period. Invesco Preferred ETF accounts for approximately 1.1% of Tudor Financial Inc.’s portfolio, making the stock its 27th largest position. Tudor Financial Inc.’s holdings in Invesco Preferred ETF were worth $1,800,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PGX. Marshall Wace LLP raised its holdings in shares of Invesco Preferred ETF by 2.5% in the second quarter. Marshall Wace LLP now owns 960,800 shares of the company’s stock valued at $11,097,000 after buying an additional 23,600 shares during the last quarter. Daymark Wealth Partners LLC raised its holdings in shares of Invesco Preferred ETF by 3.4% in the second quarter. Daymark Wealth Partners LLC now owns 191,774 shares of the company’s stock valued at $2,215,000 after buying an additional 6,270 shares during the last quarter. Arkos Global Advisors raised its holdings in shares of Invesco Preferred ETF by 0.3% in the second quarter. Arkos Global Advisors now owns 657,185 shares of the company’s stock valued at $7,590,000 after buying an additional 1,815 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Invesco Preferred ETF by 34.1% in the second quarter. NewEdge Advisors LLC now owns 131,080 shares of the company’s stock valued at $1,514,000 after buying an additional 33,307 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Invesco Preferred ETF by 3.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 56,053 shares of the company’s stock worth $647,000 after purchasing an additional 1,630 shares in the last quarter.

Invesco Preferred ETF Price Performance

NYSEARCA PGX opened at $11.63 on Tuesday. Invesco Preferred ETF has a 52-week low of $11.23 and a 52-week high of $12.54. The firm has a 50-day moving average price of $11.74 and a 200 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.