Argus Investors Counsel Inc. Trims Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Argus Investors Counsel Inc. lessened its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 9.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 37,689 shares of the company’s stock after selling 3,837 shares during the quarter. Argus Investors Counsel Inc.’s holdings in Invesco Preferred ETF were worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Comerica Bank increased its holdings in Invesco Preferred ETF by 28.3% in the first quarter. Comerica Bank now owns 177,530 shares of the company’s stock valued at $2,109,000 after buying an additional 39,126 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Invesco Preferred ETF by 16.4% during the first quarter. Oppenheimer & Co. Inc. now owns 211,020 shares of the company’s stock worth $2,507,000 after purchasing an additional 29,756 shares in the last quarter. CreativeOne Wealth LLC increased its stake in shares of Invesco Preferred ETF by 91.1% during the first quarter. CreativeOne Wealth LLC now owns 19,485 shares of the company’s stock worth $232,000 after purchasing an additional 9,290 shares in the last quarter. Kades & Cheifetz LLC increased its stake in shares of Invesco Preferred ETF by 1.8% during the third quarter. Kades & Cheifetz LLC now owns 265,479 shares of the company’s stock worth $3,279,000 after purchasing an additional 4,649 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in shares of Invesco Preferred ETF by 3.6% during the third quarter. Sound Income Strategies LLC now owns 437,945 shares of the company’s stock worth $5,409,000 after purchasing an additional 15,151 shares in the last quarter.

Invesco Preferred ETF Price Performance

Shares of PGX stock remained flat at $12.23 on Tuesday. 951,132 shares of the stock were exchanged, compared to its average volume of 3,389,775. The firm has a 50-day moving average of $12.22 and a 200-day moving average of $11.81. Invesco Preferred ETF has a twelve month low of $10.19 and a twelve month high of $12.54.

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.