Thrivent Financial for Lutherans Reduces Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Thrivent Financial for Lutherans cut its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 59.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,822 shares of the company’s stock after selling 64,953 shares during the period. Thrivent Financial for Lutherans’ holdings in Invesco Preferred ETF were worth $554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. LPL Financial LLC grew its position in Invesco Preferred ETF by 9.7% in the second quarter. LPL Financial LLC now owns 13,579,206 shares of the company’s stock worth $156,840,000 after acquiring an additional 1,197,584 shares during the period. Allworth Financial LP grew its position in Invesco Preferred ETF by 4.3% in the third quarter. Allworth Financial LP now owns 3,588,261 shares of the company’s stock worth $44,315,000 after acquiring an additional 148,476 shares during the period. Apollon Wealth Management LLC grew its position in Invesco Preferred ETF by 2,034.9% in the second quarter. Apollon Wealth Management LLC now owns 2,439,962 shares of the company’s stock worth $28,182,000 after acquiring an additional 2,325,672 shares during the period. ACT Advisors LLC. purchased a new position in Invesco Preferred ETF in the third quarter worth approximately $17,368,000. Finally, Raymond James Financial Services Advisors Inc. grew its position in Invesco Preferred ETF by 4.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,382,375 shares of the company’s stock worth $15,966,000 after acquiring an additional 64,346 shares during the period.

Invesco Preferred ETF Stock Performance

NYSEARCA:PGX opened at $11.92 on Thursday. The stock’s fifty day moving average is $12.17 and its two-hundred day moving average is $11.93. Invesco Preferred ETF has a 52 week low of $11.11 and a 52 week high of $12.54.

Invesco Preferred ETF 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.