Advisory Alpha LLC Sells 18,289 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Advisory Alpha LLC trimmed its position in Invesco Preferred ETF (NYSEARCA:PGX) by 12.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,515 shares of the company’s stock after selling 18,289 shares during the period. Advisory Alpha LLC’s holdings in Invesco Preferred ETF were worth $1,551,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. ACT Advisors LLC. acquired a new stake in Invesco Preferred ETF in the 3rd quarter worth approximately $17,368,000. JPMorgan Chase & Co. lifted its stake in shares of Invesco Preferred ETF by 71.6% during the third quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock worth $22,097,000 after buying an additional 746,783 shares during the period. Barclays PLC grew its holdings in shares of Invesco Preferred ETF by 18,430.0% during the third quarter. Barclays PLC now owns 555,900 shares of the company’s stock valued at $6,865,000 after buying an additional 552,900 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Invesco Preferred ETF in the 2nd quarter valued at $3,917,000. Finally, Acute Investment Advisory LLC purchased a new position in Invesco Preferred ETF in the 3rd quarter worth $3,977,000.

Invesco Preferred ETF Stock Up 0.5 %

Shares of PGX opened at $11.69 on Wednesday. The stock has a 50-day moving average of $11.74 and a two-hundred day moving average of $11.95. Invesco Preferred ETF has a one year low of $11.23 and a one year 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.