Sigma Planning Corp Reduces Stock Holdings in Invesco Preferred ETF $PGX

Sigma Planning Corp lowered its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 63.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,749 shares of the company’s stock after selling 52,759 shares during the quarter. Sigma Planning Corp’s holdings in Invesco Preferred ETF were worth $342,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PGX. Gould Asset Management LLC CA grew its position in shares of Invesco Preferred ETF by 3.7% during the 2nd quarter. Gould Asset Management LLC CA now owns 80,060 shares of the company’s stock valued at $891,000 after acquiring an additional 2,865 shares during the period. Simon Quick Advisors LLC purchased a new position in Invesco Preferred ETF during the second quarter valued at $630,000. Field & Main Bank lifted its position in Invesco Preferred ETF by 4.5% during the second quarter. Field & Main Bank now owns 412,187 shares of the company’s stock valued at $4,587,000 after purchasing an additional 17,764 shares in the last quarter. Buck Wealth Strategies LLC grew its holdings in Invesco Preferred ETF by 55.1% during the second quarter. Buck Wealth Strategies LLC now owns 174,938 shares of the company’s stock valued at $1,947,000 after purchasing an additional 62,134 shares during the period. Finally, Daymark Wealth Partners LLC grew its holdings in Invesco Preferred ETF by 12.0% during the second quarter. Daymark Wealth Partners LLC now owns 30,799 shares of the company’s stock valued at $343,000 after purchasing an additional 3,289 shares during the period. 8.60% of the stock is currently owned by institutional investors.

Invesco Preferred ETF Stock Down 0.1%

NYSEARCA PGX opened at $11.43 on Monday. The stock’s 50-day moving average price is $11.62 and its 200-day moving average price is $11.33. Invesco Preferred ETF has a 52 week low of $10.70 and a 52 week high of $12.32.

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.