Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by O ROURKE & COMPANY Inc

O ROURKE & COMPANY Inc cut its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 3.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 184,212 shares of the company’s stock after selling 7,515 shares during the period. Invesco Preferred ETF accounts for approximately 1.3% of O ROURKE & COMPANY Inc’s portfolio, making the stock its 23rd largest position. O ROURKE & COMPANY Inc’s holdings in Invesco Preferred ETF were worth $2,188,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Modera Wealth Management LLC boosted its position in shares of Invesco Preferred ETF by 4.2% in the third quarter. Modera Wealth Management LLC now owns 21,802 shares of the company’s stock worth $239,000 after acquiring an additional 877 shares during the last quarter. DHK Financial Advisors Inc. lifted its position in Invesco Preferred ETF by 1.8% during the fourth quarter. DHK Financial Advisors Inc. now owns 52,189 shares of the company’s stock valued at $599,000 after buying an additional 922 shares in the last quarter. Capital Investment Advisory Services LLC lifted its position in Invesco Preferred ETF by 13.4% during the fourth quarter. Capital Investment Advisory Services LLC now owns 8,467 shares of the company’s stock valued at $97,000 after buying an additional 1,003 shares in the last quarter. Brighton Jones LLC lifted its position in Invesco Preferred ETF by 2.0% during the fourth quarter. Brighton Jones LLC now owns 54,139 shares of the company’s stock valued at $621,000 after buying an additional 1,077 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its position in Invesco Preferred ETF by 1.7% during the fourth quarter. D.A. Davidson & CO. now owns 75,587 shares of the company’s stock valued at $867,000 after buying an additional 1,268 shares in the last quarter.

Invesco Preferred ETF Trading Down 0.3 %

PGX stock traded down $0.03 during midday trading on Monday, reaching $11.52. 4,637,940 shares of the company’s stock traded hands, compared to its average volume of 3,497,234. Invesco Preferred ETF has a fifty-two week low of $10.14 and a fifty-two week high of $12.06. The business has a 50-day moving average price of $11.54 and a two-hundred day moving average price of $11.66.

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.