AdvisorNet Financial Inc Sells 2,853 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

AdvisorNet Financial Inc reduced its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 13.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,520 shares of the company’s stock after selling 2,853 shares during the quarter. AdvisorNet Financial Inc’s holdings in Invesco Preferred ETF were worth $214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Invesco Preferred ETF in the fourth quarter worth about $720,000. International Assets Investment Management LLC purchased a new position in shares of Invesco Preferred ETF in the 4th quarter valued at $446,000. Capital Analysts LLC grew its stake in Invesco Preferred ETF by 91.4% during the 4th quarter. Capital Analysts LLC now owns 3,465 shares of the company’s stock worth $40,000 after buying an additional 1,655 shares during the last quarter. Western Wealth Management LLC lifted its position in Invesco Preferred ETF by 225.1% during the 4th quarter. Western Wealth Management LLC now owns 83,924 shares of the company’s stock worth $963,000 after acquiring an additional 58,109 shares during the period. Finally, Wetzel Investment Advisors Inc. acquired a new position in shares of Invesco Preferred ETF in the 4th quarter valued at about $34,000.

Invesco Preferred ETF Stock Performance

NYSEARCA PGX remained flat at $11.82 during trading hours on Thursday. The company had a trading volume of 3,748,945 shares, compared to its average volume of 3,502,535. Invesco Preferred ETF has a 12 month low of $10.14 and a 12 month high of $12.06. The firm has a fifty day moving average price of $11.66 and a 200-day moving average price of $11.68.

Invesco Preferred ETF Company 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.