Etesian Wealth Advisors Inc. Decreases Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Etesian Wealth Advisors Inc. cut its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 11.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,226 shares of the company’s stock after selling 17,102 shares during the period. Etesian Wealth Advisors Inc.’s holdings in Invesco Preferred ETF were worth $1,670,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new position in shares of Invesco Preferred ETF in the 2nd quarter valued at about $35,000. Central Pacific Bank Trust Division bought a new stake in Invesco Preferred ETF in the first quarter worth about $46,000. Private Ocean LLC purchased a new position in shares of Invesco Preferred ETF during the first quarter valued at approximately $94,000. Consultiva Wealth Management CORP. purchased a new position in Invesco Preferred ETF during the 1st quarter valued at $96,000. Finally, Saxony Capital Management LLC bought a new position in Invesco Preferred ETF in the 1st quarter valued at $124,000.

Invesco Preferred ETF Stock Performance

Shares of NYSEARCA:PGX remained flat at $12.46 on Friday. The stock had a trading volume of 1,533,866 shares, compared to its average volume of 3,392,350. Invesco Preferred ETF has a fifty-two week low of $10.14 and a fifty-two week high of $12.54. The stock’s 50 day simple moving average is $12.21 and its 200 day simple moving average is $11.81.

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.