Invesco Preferred ETF $PGX Shares Sold by Arkos Global Advisors

Arkos Global Advisors cut its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 11.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 402,698 shares of the company’s stock after selling 49,663 shares during the period. Invesco Preferred ETF makes up approximately 0.6% of Arkos Global Advisors’ holdings, making the stock its 25th largest holding. Arkos Global Advisors owned about 0.11% of Invesco Preferred ETF worth $4,526,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PGX. Brighton Jones LLC acquired a new position in Invesco Preferred ETF during the fourth quarter worth $626,000. Goldman Sachs Group Inc. grew its holdings in Invesco Preferred ETF by 57.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,874,427 shares of the company’s stock valued at $21,031,000 after purchasing an additional 683,754 shares during the last quarter. Jane Street Group LLC grew its holdings in Invesco Preferred ETF by 181.6% in the first quarter. Jane Street Group LLC now owns 420,120 shares of the company’s stock valued at $4,714,000 after purchasing an additional 270,939 shares during the last quarter. Invesco Ltd. increased its position in shares of Invesco Preferred ETF by 1.5% in the second quarter. Invesco Ltd. now owns 112,606 shares of the company’s stock valued at $1,253,000 after buying an additional 1,693 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Invesco Preferred ETF in the second quarter valued at $679,000. 8.60% of the stock is currently owned by institutional investors and hedge funds.

Invesco Preferred ETF Stock Down 0.1%

NYSEARCA:PGX opened at $10.92 on Friday. Invesco Preferred ETF has a 52-week low of $10.84 and a 52-week high of $11.92. The stock has a fifty day simple moving average of $11.06 and a 200-day simple moving average of $11.21.

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.