Sunbelt Securities Inc. Has $40,000 Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Sunbelt Securities Inc. reduced its position in Invesco Preferred ETF (NYSEARCA:PGX) by 49.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,210 shares of the company’s stock after selling 3,133 shares during the period. Sunbelt Securities Inc.’s holdings in Invesco Preferred ETF were worth $40,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Invesco Preferred ETF in the second quarter valued at approximately $35,000. Eastern Bank acquired a new stake in Invesco Preferred ETF during the 3rd quarter valued at $37,000. Orrstown Financial Services Inc. acquired a new position in shares of Invesco Preferred ETF in the third quarter valued at $124,000. Ellis Investment Partners LLC acquired a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth about $124,000. Finally, Benjamin Edwards Inc. bought a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth about $127,000.

Invesco Preferred ETF Trading Down 0.6 %

Shares of PGX opened at $11.74 on Monday. The firm’s 50-day simple moving average is $12.10 and its 200 day simple moving average is $11.95. Invesco Preferred ETF has a 52 week low of $11.23 and a 52 week 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.