Gries Financial LLC Lowers Position in Invesco Preferred ETF (NYSEARCA:PGX)

Gries Financial LLC cut its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 1.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 78,661 shares of the company’s stock after selling 888 shares during the quarter. Gries Financial LLC’s holdings in Invesco Preferred ETF were worth $907,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in Invesco Preferred ETF during the third quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Invesco Preferred ETF by 299.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock valued at $32,000 after acquiring an additional 2,093 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Invesco Preferred ETF in the second quarter valued at about $35,000. Eastern Bank purchased a new position in shares of Invesco Preferred ETF in the third quarter valued at about $37,000. Finally, Ellis Investment Partners LLC purchased a new position in shares of Invesco Preferred ETF in the third quarter valued at about $124,000.

Invesco Preferred ETF Trading Down 0.7 %

NYSEARCA:PGX opened at $11.62 on Thursday. Invesco Preferred ETF has a 12 month low of $11.23 and a 12 month high of $12.54. The business’s 50-day moving average is $11.70 and its 200 day moving average is $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.