Independent Wealth Network Inc. Reduces Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Independent Wealth Network Inc. lowered its stake in shares of Invesco Preferred ETF (NYSEARCA:PGXGet Rating) by 75.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,948 shares of the company’s stock after selling 41,781 shares during the period. Independent Wealth Network Inc.’s holdings in Invesco Preferred ETF were worth $209,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Regal Investment Advisors LLC lifted its position in shares of Invesco Preferred ETF by 7.4% during the fourth quarter. Regal Investment Advisors LLC now owns 60,827 shares of the company’s stock worth $912,000 after acquiring an additional 4,194 shares in the last quarter. Confluence Wealth Services Inc. bought a new position in shares of Invesco Preferred ETF in the fourth quarter worth $215,000. Citigroup Inc. increased its holdings in shares of Invesco Preferred ETF by 336.3% in the fourth quarter. Citigroup Inc. now owns 22,183 shares of the company’s stock worth $333,000 after purchasing an additional 17,099 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of Invesco Preferred ETF in the fourth quarter worth $332,000. Finally, Coastline Trust Co increased its holdings in shares of Invesco Preferred ETF by 5.9% in the fourth quarter. Coastline Trust Co now owns 308,050 shares of the company’s stock worth $4,621,000 after purchasing an additional 17,110 shares during the period.

Shares of Invesco Preferred ETF stock traded up $0.04 during trading on Friday, hitting $12.24. The stock had a trading volume of 4,955,633 shares, compared to its average volume of 5,225,707. Invesco Preferred ETF has a 12 month low of $11.99 and a 12 month high of $15.37. The business’s 50-day moving average is $12.96 and its 200 day moving average is $13.98.

Invesco Preferred ETF Company Profile (Get Rating)

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.

Read More

Institutional Ownership by Quarter for Invesco Preferred ETF (NYSEARCA:PGX)

Receive News & Ratings for Invesco Preferred ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Preferred ETF and related companies with MarketBeat.com's FREE daily email newsletter.