Invesco Preferred ETF $PGX is Intrepid Financial Planning Group LLC’s 4th Largest Position

Intrepid Financial Planning Group LLC cut its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 840,224 shares of the company’s stock after selling 14,813 shares during the quarter. Invesco Preferred ETF accounts for 3.9% of Intrepid Financial Planning Group LLC’s portfolio, making the stock its 4th biggest holding. Intrepid Financial Planning Group LLC’s holdings in Invesco Preferred ETF were worth $9,352,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MainStreet Investment Advisors LLC acquired a new stake in Invesco Preferred ETF in the second quarter valued at $228,000. Creative Planning grew its stake in shares of Invesco Preferred ETF by 2.4% during the 2nd quarter. Creative Planning now owns 869,625 shares of the company’s stock worth $9,679,000 after purchasing an additional 20,235 shares during the period. SG Americas Securities LLC purchased a new position in shares of Invesco Preferred ETF in the 2nd quarter valued at about $2,029,000. Foundations Investment Advisors LLC acquired a new stake in shares of Invesco Preferred ETF in the second quarter valued at about $285,000. Finally, Spectrum Asset Management Inc. lifted its stake in shares of Invesco Preferred ETF by 28.4% in the second quarter. Spectrum Asset Management Inc. now owns 4,669,495 shares of the company’s stock valued at $51,972,000 after purchasing an additional 1,033,904 shares during the period. Institutional investors and hedge funds own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Performance

Shares of PGX opened at $11.28 on Wednesday. Invesco Preferred ETF has a twelve month low of $10.70 and a twelve month high of $12.07. The firm’s 50-day moving average is $11.60 and its two-hundred day moving average is $11.35.

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.