Avantax Advisory Services Inc. Sells 1,052 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Avantax Advisory Services Inc. cut its position in Invesco Preferred ETF (NYSEARCA:PGX) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,186 shares of the company’s stock after selling 1,052 shares during the period. Avantax Advisory Services Inc.’s holdings in Invesco Preferred ETF were worth $406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Invesco Preferred ETF in the 4th quarter worth $29,537,000. Spectrum Asset Management Inc. boosted its stake in shares of Invesco Preferred ETF by 64.7% in the fourth quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock worth $66,546,000 after acquiring an additional 2,266,498 shares during the period. JPMorgan Chase & Co. grew its position in shares of Invesco Preferred ETF by 71.6% during the third quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock worth $22,097,000 after purchasing an additional 746,783 shares in the last quarter. One Capital Management LLC raised its stake in Invesco Preferred ETF by 818.6% during the 4th quarter. One Capital Management LLC now owns 780,407 shares of the company’s stock valued at $8,998,000 after purchasing an additional 695,449 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Invesco Preferred ETF by 657.9% in the 4th quarter. Principal Financial Group Inc. now owns 717,581 shares of the company’s stock worth $8,274,000 after purchasing an additional 622,895 shares in the last quarter.

Invesco Preferred ETF Stock Performance

PGX stock opened at $11.55 on Monday. Invesco Preferred ETF has a 1-year low of $11.23 and a 1-year high of $12.54. The business has a 50 day simple moving average of $11.59 and a two-hundred day simple moving average of $11.89.

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.