Invesco Preferred ETF $PGX Stake Lessened by Global Retirement Partners LLC

Global Retirement Partners LLC lowered its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,238 shares of the company’s stock after selling 72,309 shares during the period. Global Retirement Partners LLC owned approximately 0.06% of Invesco Preferred ETF worth $2,442,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Invesco Preferred ETF by 6.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 16,192 shares of the company’s stock valued at $182,000 after purchasing an additional 1,046 shares in the last quarter. Stonebridge Advisors LLC lifted its holdings in shares of Invesco Preferred ETF by 1,818.9% in the fourth quarter. Stonebridge Advisors LLC now owns 792,408 shares of the company’s stock valued at $8,907,000 after purchasing an additional 751,113 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco Preferred ETF by 1,385.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 578,008 shares of the company’s stock valued at $6,497,000 after purchasing an additional 539,097 shares in the last quarter. SkyOak Wealth LLC lifted its holdings in shares of Invesco Preferred ETF by 16.8% in the fourth quarter. SkyOak Wealth LLC now owns 34,778 shares of the company’s stock valued at $391,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Financial Council LLC purchased a new stake in shares of Invesco Preferred ETF in the fourth quarter valued at $118,000. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Performance

PGX opened at $10.95 on Friday. The stock has a fifty day moving average of $11.09 and a 200-day moving average of $11.25. Invesco Preferred ETF has a 12-month low of $10.83 and a 12-month high of $11.92.

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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.