IFP Advisors Inc Sells 46,578 Shares of Invesco Preferred ETF $PGX

IFP Advisors Inc cut its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 23.1% in the fourth quarter, HoldingsChannel reports. The firm owned 154,907 shares of the company’s stock after selling 46,578 shares during the period. IFP Advisors Inc’s holdings in Invesco Preferred ETF were worth $1,741,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE raised its position in Invesco Preferred ETF by 2.1% during the 3rd quarter. Bank of America Corp DE now owns 65,973,646 shares of the company’s stock valued at $765,294,000 after purchasing an additional 1,333,558 shares in the last quarter. Spectrum Asset Management Inc. raised its position in Invesco Preferred ETF by 47.9% during the 4th quarter. Spectrum Asset Management Inc. now owns 5,372,426 shares of the company’s stock valued at $60,386,000 after purchasing an additional 1,739,156 shares in the last quarter. UBS Group AG raised its position in Invesco Preferred ETF by 32.2% during the 4th 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 in the last quarter. JPMorgan Chase & Co. raised its position in Invesco Preferred ETF by 7.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,437,063 shares of the company’s stock valued at $51,470,000 after purchasing an additional 298,013 shares in the last quarter. Finally, Allworth Financial LP raised its position in Invesco Preferred ETF by 4.7% during the 4th quarter. Allworth Financial LP now owns 3,194,448 shares of the company’s stock valued at $35,906,000 after purchasing an additional 144,402 shares in the last quarter. 8.60% of the stock is owned by institutional investors.

Invesco Preferred ETF Price Performance

Shares of NYSEARCA PGX opened at $10.95 on Friday. The business has a fifty day simple moving average of $11.09 and a two-hundred day simple moving average of $11.25. Invesco Preferred ETF has a twelve month low of $10.83 and a twelve month high of $11.92.

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.