Focus Financial Network Inc. Reduces Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Focus Financial Network Inc. trimmed its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 11.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 27,236 shares of the company’s stock after selling 3,410 shares during the period. Focus Financial Network Inc.’s holdings in Invesco Preferred ETF were worth $321,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC grew its stake in Invesco Preferred ETF by 13.4% during the 4th quarter. Capital Investment Advisory Services LLC now owns 8,467 shares of the company’s stock worth $97,000 after buying an additional 1,003 shares during the last quarter. Brighton Jones LLC grew its stake in Invesco Preferred ETF by 2.0% during the 4th quarter. Brighton Jones LLC now owns 54,139 shares of the company’s stock worth $621,000 after buying an additional 1,077 shares during the last quarter. D.A. Davidson & CO. grew its stake in Invesco Preferred ETF by 1.7% during the 4th quarter. D.A. Davidson & CO. now owns 75,587 shares of the company’s stock worth $867,000 after buying an additional 1,268 shares during the last quarter. Cherry Tree Wealth Management LLC grew its stake in Invesco Preferred ETF by 0.3% during the 1st quarter. Cherry Tree Wealth Management LLC now owns 499,824 shares of the company’s stock valued at $5,938,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Perigon Wealth Management LLC grew its stake in Invesco Preferred ETF by 5.8% during the 1st quarter. Perigon Wealth Management LLC now owns 26,623 shares of the company’s stock valued at $316,000 after purchasing an additional 1,465 shares during the last quarter.

Invesco Preferred ETF Stock Up 0.4 %

Invesco Preferred ETF stock traded up $0.05 during trading hours on Wednesday, hitting $11.94. 1,322,944 shares of the stock traded hands, compared to its average volume of 3,478,882. The firm’s 50 day moving average price is $11.68 and its 200-day moving average price is $11.68. Invesco Preferred ETF has a 1 year low of $10.14 and a 1 year high of $12.06.

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.