Brighton Securities CORP. Sells 121,782 Shares of Invesco Preferred ETF $PGX

Brighton Securities CORP. decreased its position in Invesco Preferred ETF (NYSEARCA:PGX) by 44.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 153,110 shares of the company’s stock after selling 121,782 shares during the quarter. Invesco Preferred ETF makes up approximately 0.8% of Brighton Securities CORP.’s holdings, making the stock its 16th largest holding. Brighton Securities CORP.’s holdings in Invesco Preferred ETF were worth $1,721,000 at the end of the most recent reporting period.

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

Invesco Preferred ETF Stock Performance

Shares of NYSEARCA PGX opened at $10.99 on Friday. Invesco Preferred ETF has a twelve month low of $10.84 and a twelve month high of $11.92. The company has a 50 day moving average of $11.06 and a 200 day moving average of $11.20.

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.