Bank of Montreal Can Trims Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Bank of Montreal Can lessened its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,007,570 shares of the company’s stock after selling 8,708 shares during the period. Bank of Montreal Can’s holdings in Invesco Preferred ETF were worth $12,534,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Comerica Bank increased its position in Invesco Preferred ETF by 28.3% during the 1st quarter. Comerica Bank now owns 177,530 shares of the company’s stock valued at $2,109,000 after buying an additional 39,126 shares in the last quarter. Kades & Cheifetz LLC increased its holdings in shares of Invesco Preferred ETF by 1.8% during the third quarter. Kades & Cheifetz LLC now owns 265,479 shares of the company’s stock valued at $3,279,000 after acquiring an additional 4,649 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Invesco Preferred ETF by 3.6% in the 3rd quarter. Sound Income Strategies LLC now owns 437,945 shares of the company’s stock worth $5,409,000 after purchasing an additional 15,151 shares during the last quarter. Sax Wealth Advisors LLC boosted its stake in Invesco Preferred ETF by 9.4% in the 2nd quarter. Sax Wealth Advisors LLC now owns 17,565 shares of the company’s stock worth $203,000 after purchasing an additional 1,510 shares in the last quarter. Finally, Ariadne Wealth Management LP purchased a new stake in Invesco Preferred ETF during the 2nd quarter valued at about $373,000.

Invesco Preferred ETF Stock Performance

NYSEARCA:PGX opened at $11.98 on Monday. Invesco Preferred ETF has a fifty-two week low of $11.11 and a fifty-two week high of $12.54. The firm has a 50-day simple moving average of $12.21 and a two-hundred day simple moving average of $11.92.

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.