Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by Kades & Cheifetz LLC

Kades & Cheifetz LLC lessened its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 9.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 241,109 shares of the company’s stock after selling 24,370 shares during the period. Invesco Preferred ETF comprises approximately 1.4% of Kades & Cheifetz LLC’s holdings, making the stock its 21st biggest holding. Kades & Cheifetz LLC owned about 0.06% of Invesco Preferred ETF worth $2,780,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new stake in Invesco Preferred ETF during the 3rd quarter worth $31,000. Strategic Investment Solutions Inc. IL purchased a new stake in Invesco Preferred ETF during the 2nd quarter worth $35,000. Eastern Bank purchased a new stake in Invesco Preferred ETF during the 3rd quarter worth $37,000. Ellis Investment Partners LLC purchased a new stake in Invesco Preferred ETF during the 3rd quarter worth $124,000. Finally, Orrstown Financial Services Inc. purchased a new stake in Invesco Preferred ETF during the 3rd quarter worth $124,000.

Invesco Preferred ETF Stock Performance

Invesco Preferred ETF stock traded down $0.07 during midday trading on Monday, hitting $11.27. 10,086,376 shares of the stock were exchanged, compared to its average volume of 8,457,910. Invesco Preferred ETF has a 1 year low of $11.23 and a 1 year high of $12.54. The company has a 50 day moving average price of $11.82 and a two-hundred day moving average price of $11.95.

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.