Apollon Wealth Management LLC Sells 4,351 Shares of Invesco Preferred ETF $PGX

Apollon Wealth Management LLC decreased its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 14.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,063 shares of the company’s stock after selling 4,351 shares during the quarter. Apollon Wealth Management LLC’s holdings in Invesco Preferred ETF were worth $279,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of PGX. Abound Wealth Management purchased a new position in Invesco Preferred ETF during the second quarter worth $33,000. SVB Wealth LLC bought a new stake in shares of Invesco Preferred ETF in the 1st quarter worth about $43,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Invesco Preferred ETF by 94.4% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,430 shares of the company’s stock worth $60,000 after purchasing an additional 2,637 shares during the period. Harbour Investments Inc. boosted its stake in shares of Invesco Preferred ETF by 25.5% during the 1st quarter. Harbour Investments Inc. now owns 5,720 shares of the company’s stock worth $64,000 after purchasing an additional 1,161 shares during the period. Finally, LFA Lugano Financial Advisors SA grew its holdings in Invesco Preferred ETF by 382.5% during the 1st quarter. LFA Lugano Financial Advisors SA now owns 9,530 shares of the company’s stock valued at $107,000 after purchasing an additional 7,555 shares during the last quarter. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Price Performance

Invesco Preferred ETF stock opened at $11.55 on Friday. Invesco Preferred ETF has a 1-year low of $10.70 and a 1-year high of $12.50. The company’s 50-day moving average is $11.61 and its 200 day moving average is $11.27.

About Invesco Preferred ETF

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.