Wiser Advisor Group LLC Has $361,000 Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Wiser Advisor Group LLC reduced its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 7.4% in the third quarter, Holdings Channel reports. The institutional investor owned 29,252 shares of the company’s stock after selling 2,334 shares during the period. Wiser Advisor Group LLC’s holdings in Invesco Preferred ETF were worth $361,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Flagstar Advisors Inc. bought a new stake in Invesco Preferred ETF during the third quarter worth $625,000. Investors Research Corp grew its stake in shares of Invesco Preferred ETF by 8.7% in the 3rd quarter. Investors Research Corp now owns 363,580 shares of the company’s stock worth $4,490,000 after acquiring an additional 29,175 shares in the last quarter. J. W. Coons Advisors LLC raised its holdings in shares of Invesco Preferred ETF by 6.4% in the third quarter. J. W. Coons Advisors LLC now owns 28,110 shares of the company’s stock valued at $347,000 after purchasing an additional 1,700 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its holdings in shares of Invesco Preferred ETF by 11.6% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 28,433 shares of the company’s stock valued at $351,000 after purchasing an additional 2,946 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in Invesco Preferred ETF by 4.4% during the third quarter. Oppenheimer & Co. Inc. now owns 210,981 shares of the company’s stock worth $2,606,000 after purchasing an additional 8,886 shares during the last quarter.

Invesco Preferred ETF Trading Up 0.7 %

NYSEARCA:PGX traded up $0.08 on Monday, hitting $12.03. The stock had a trading volume of 910,316 shares, compared to its average volume of 3,362,554. Invesco Preferred ETF has a 1 year low of $10.93 and a 1 year high of $12.54. The firm’s fifty day simple moving average is $12.26 and its two-hundred day simple moving average is $11.91.

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.