IHT Wealth Management LLC Trims Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

IHT Wealth Management LLC cut its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 87.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,609 shares of the company’s stock after selling 119,996 shares during the period. IHT Wealth Management LLC’s holdings in Invesco Preferred ETF were worth $205,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PGX. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Invesco Preferred ETF in the second quarter valued at about $35,000. Eastern Bank purchased a new stake in shares of Invesco Preferred ETF in the third quarter valued at about $37,000. Ellis Investment Partners LLC purchased a new stake in shares of Invesco Preferred ETF in the third quarter valued at about $124,000. Orrstown Financial Services Inc. purchased a new stake in shares of Invesco Preferred ETF in the third quarter valued at about $124,000. Finally, Duncker Streett & Co. Inc. raised its holdings in shares of Invesco Preferred ETF by 22.2% in the second quarter. Duncker Streett & Co. Inc. now owns 11,000 shares of the company’s stock valued at $127,000 after buying an additional 2,000 shares during the last quarter.

Invesco Preferred ETF Price Performance

NYSEARCA PGX opened at $11.89 on Wednesday. Invesco Preferred ETF has a 52-week low of $11.11 and a 52-week high of $12.54. The firm has a 50-day moving average price of $12.13 and a 200 day moving average price of $11.94.

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.