Insight Wealth Strategies LLC decreased its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 6.4% in the first quarter, Holdings Channel.com reports. The firm owned 26,082 shares of the company’s stock after selling 1,778 shares during the period. Insight Wealth Strategies LLC’s holdings in Invesco Preferred ETF were worth $391,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in PGX. FMR LLC boosted its holdings in Invesco Preferred ETF by 517.1% during the 1st quarter. FMR LLC now owns 2,018 shares of the company’s stock valued at $29,000 after acquiring an additional 1,691 shares during the period. Sterling Financial Planning Inc. purchased a new position in Invesco Preferred ETF during the 4th quarter valued at $34,000. SOA Wealth Advisors LLC. purchased a new position in Invesco Preferred ETF during the 4th quarter valued at $37,000. Salem Investment Counselors Inc. purchased a new position in Invesco Preferred ETF during the 4th quarter valued at $40,000. Finally, MCF Advisors LLC purchased a new stake in shares of Invesco Preferred ETF in the 4th quarter worth $42,000.
Shares of PGX stock opened at $15.23 on Friday. Invesco Preferred ETF has a twelve month low of $14.03 and a twelve month high of $15.28. The stock has a fifty day moving average price of $15.08.
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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