Etesian Wealth Advisors Inc. Sells 59,494 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Etesian Wealth Advisors Inc. cut its position in Invesco Preferred ETF (NYSEARCA:PGX) by 44.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,732 shares of the company’s stock after selling 59,494 shares during the quarter. Etesian Wealth Advisors Inc.’s holdings in Invesco Preferred ETF were worth $873,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP grew its position in shares of Invesco Preferred ETF by 4.3% in the third quarter. Allworth Financial LP now owns 3,588,261 shares of the company’s stock valued at $44,315,000 after purchasing an additional 148,476 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Invesco Preferred ETF by 71.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock valued at $22,097,000 after buying an additional 746,783 shares during the last quarter. ACT Advisors LLC. bought a new position in Invesco Preferred ETF in the 3rd quarter worth approximately $17,368,000. Advisors Management Group Inc. ADV lifted its holdings in shares of Invesco Preferred ETF by 3.8% during the fourth quarter. Advisors Management Group Inc. ADV now owns 1,288,642 shares of the company’s stock worth $14,858,000 after buying an additional 47,652 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Invesco Preferred ETF by 6.8% in the third quarter. Stifel Financial Corp now owns 951,769 shares of the company’s stock valued at $11,754,000 after acquiring an additional 60,601 shares during the period.

Invesco Preferred ETF Stock Performance

Shares of Invesco Preferred ETF stock opened at $11.65 on Thursday. Invesco Preferred ETF has a 1 year low of $11.23 and a 1 year high of $12.54. The company’s fifty day simple moving average is $11.67 and its 200-day simple moving average is $11.94.

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.