Columbia Advisory Partners LLC Trims Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Columbia Advisory Partners LLC lowered its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 7.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,256 shares of the company’s stock after selling 1,179 shares during the period. Columbia Advisory Partners LLC’s holdings in Invesco Preferred ETF were worth $169,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cohen & Steers Inc. grew its holdings in Invesco Preferred ETF by 1,074,842.8% during the 4th quarter. Cohen & Steers Inc. now owns 6,707,643 shares of the company’s stock worth $76,937,000 after acquiring an additional 6,707,019 shares in the last quarter. Spectrum Asset Management Inc. boosted its holdings in shares of Invesco Preferred ETF by 30.2% in the 4th quarter. Spectrum Asset Management Inc. now owns 3,694,150 shares of the company’s stock valued at $42,376,000 after buying an additional 857,423 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Invesco Preferred ETF by 3.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,108,223 shares of the company’s stock valued at $12,712,000 after buying an additional 39,160 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in shares of Invesco Preferred ETF by 9.5% in the 4th quarter. Checchi Capital Advisers LLC now owns 1,058,829 shares of the company’s stock valued at $12,145,000 after buying an additional 91,845 shares in the last quarter. Finally, Raymond James & Associates raised its position in Invesco Preferred ETF by 11.2% in the 4th quarter. Raymond James & Associates now owns 824,598 shares of the company’s stock valued at $9,458,000 after purchasing an additional 83,095 shares during the last quarter.

Invesco Preferred ETF Stock Down 0.2 %

PGX stock traded down $0.02 on Wednesday, hitting $11.60. The company’s stock had a trading volume of 1,295,842 shares, compared to its average volume of 3,484,130. The firm has a 50 day moving average of $11.52 and a two-hundred day moving average of $11.65. Invesco Preferred ETF has a 1 year low of $10.14 and a 1 year high of $12.06.

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.