Edge Wealth Management LLC Reduces Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Edge Wealth Management LLC cut its position in Invesco Preferred ETF (NYSEARCA:PGX) by 24.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,167 shares of the company’s stock after selling 9,540 shares during the quarter. Edge Wealth Management LLC’s holdings in Invesco Preferred ETF were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC purchased a new stake in shares of Invesco Preferred ETF during the 4th quarter valued at $32,000. Gradient Investments LLC grew its holdings in shares of Invesco Preferred ETF by 102.9% during the 4th quarter. Gradient Investments LLC now owns 2,755 shares of the company’s stock valued at $32,000 after purchasing an additional 1,397 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of Invesco Preferred ETF during the 4th quarter valued at $34,000. Capital Analysts LLC grew its holdings in shares of Invesco Preferred ETF by 91.4% during the 4th quarter. Capital Analysts LLC now owns 3,465 shares of the company’s stock valued at $40,000 after purchasing an additional 1,655 shares during the last quarter. Finally, Trifecta Capital Advisors LLC bought a new position in shares of Invesco Preferred ETF during the 4th quarter valued at $69,000.

Invesco Preferred ETF Price Performance

Shares of PGX stock traded down $0.01 on Friday, hitting $11.59. 195,749 shares of the company’s stock traded hands, compared to its average volume of 3,464,764. Invesco Preferred ETF has a one year low of $10.14 and a one year high of $12.06. The company’s fifty day simple moving average is $11.53 and its 200 day simple moving average is $11.65.

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.