Steward Partners Investment Advisory LLC Sells 333,610 Shares of Invesco Preferred ETF $PGX

Steward Partners Investment Advisory LLC reduced its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 63.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,700 shares of the company’s stock after selling 333,610 shares during the period. Steward Partners Investment Advisory LLC owned 0.06% of Invesco Preferred ETF worth $2,100,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Leading Edge Financial Planning LLC purchased a new position in shares of Invesco Preferred ETF in the second quarter valued at about $154,000. Charles Schwab Trust Co raised its stake in Invesco Preferred ETF by 116.1% during the 2nd quarter. Charles Schwab Trust Co now owns 244,667 shares of the company’s stock valued at $2,723,000 after purchasing an additional 131,429 shares during the period. Harbour Investments Inc. lifted its holdings in Invesco Preferred ETF by 25.5% in 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 in the last quarter. Belpointe Asset Management LLC boosted its stake in Invesco Preferred ETF by 120.7% in the 1st quarter. Belpointe Asset Management LLC now owns 53,149 shares of the company’s stock worth $596,000 after purchasing an additional 29,066 shares during the period. Finally, Park Avenue Securities LLC purchased a new stake in Invesco Preferred ETF during the 2nd quarter valued at approximately $420,000. 8.60% of the stock is currently owned by institutional investors.

Invesco Preferred ETF Trading Down 0.1%

Invesco Preferred ETF stock opened at $11.29 on Friday. Invesco Preferred ETF has a 1 year low of $10.70 and a 1 year high of $12.01. The firm’s 50 day moving average price is $11.50 and its 200-day moving average price is $11.36.

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.