Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by HighTower Advisors LLC
HighTower Advisors LLC reduced its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 89.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,496 shares of the company’s stock after selling 1,383,489 shares during the period. HighTower Advisors LLC’s holdings in Invesco Preferred ETF were worth $2,227,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kerntke Otto McGlone Wealth Management Group acquired a new stake in shares of Invesco Preferred ETF in the fourth quarter valued at $1,083,000. Jane Street Group LLC acquired a new stake in Invesco Preferred ETF in the first quarter valued at $1,590,000. Capital Asset Advisory Services LLC raised its stake in Invesco Preferred ETF by 511.2% in the first quarter. Capital Asset Advisory Services LLC now owns 51,736 shares of the company’s stock valued at $724,000 after buying an additional 43,272 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake in Invesco Preferred ETF by 5.7% in the first quarter. Dynamic Advisor Solutions LLC now owns 25,718 shares of the company’s stock valued at $338,000 after buying an additional 1,388 shares in the last quarter. Finally, Advisor Group Holdings Inc. acquired a new stake in Invesco Preferred ETF in the first quarter valued at $25,469,000.
Invesco Preferred ETF stock opened at $14.12 on Tuesday. Invesco Preferred ETF has a 1-year low of $9.71 and a 1-year high of $15.28. The stock’s fifty day moving average is $14.23 and its two-hundred day moving average is $14.32.
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.
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