Sheaff Brock Investment Advisors LLC Has $303,000 Stake in Invesco Preferred ETF (NYSEARCA:PGX)

Sheaff Brock Investment Advisors LLC decreased its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 19.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,487 shares of the company’s stock after selling 5,968 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Invesco Preferred ETF were worth $303,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PGX. Cohen & Steers Inc. increased its stake in shares of Invesco Preferred ETF by 1,074,842.8% in the fourth quarter. Cohen & Steers Inc. now owns 6,707,643 shares of the company’s stock valued at $76,937,000 after buying an additional 6,707,019 shares during the period. Spectrum Asset Management Inc. increased its stake in shares of Invesco Preferred ETF by 30.2% in the fourth quarter. Spectrum Asset Management Inc. now owns 3,694,150 shares of the company’s stock valued at $42,376,000 after buying an additional 857,423 shares during the period. Principal Financial Group Inc. increased its stake in shares of Invesco Preferred ETF by 3,516.3% in the fourth quarter. Principal Financial Group Inc. now owns 602,725 shares of the company’s stock valued at $6,913,000 after buying an additional 586,058 shares during the period. Advisors Preferred LLC increased its stake in shares of Invesco Preferred ETF by 155.1% in the first quarter. Advisors Preferred LLC now owns 865,646 shares of the company’s stock valued at $10,293,000 after buying an additional 526,338 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Invesco Preferred ETF by 53.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,318,029 shares of the company’s stock valued at $15,658,000 after buying an additional 461,692 shares during the period.

Invesco Preferred ETF Stock Performance

PGX stock traded up $0.05 during trading on Friday, hitting $11.66. The company had a trading volume of 2,971,077 shares, compared to its average volume of 3,448,536. Invesco Preferred ETF has a one year low of $10.14 and a one year high of $12.06. The business has a 50-day moving average of $11.61 and a 200-day moving average of $11.68.

Invesco Preferred ETF 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.