Oppenheimer & Co. Inc. Trims Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Oppenheimer & Co. Inc. lowered its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 2.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 206,856 shares of the company’s stock after selling 4,125 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.06% of Invesco Preferred ETF worth $2,385,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PGX. Wilmington Savings Fund Society FSB acquired a new position in Invesco Preferred ETF during the third quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Invesco Preferred ETF by 299.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock worth $32,000 after acquiring an additional 2,093 shares in the last quarter. Kentucky Trust Co purchased a new position in Invesco Preferred ETF during the 4th quarter valued at about $36,000. Roxbury Financial LLC acquired a new position in Invesco Preferred ETF in the 4th quarter valued at about $42,000. Finally, Benjamin Edwards Inc. acquired a new position in Invesco Preferred ETF in the 3rd quarter valued at about $127,000.

Invesco Preferred ETF Price Performance

NYSEARCA PGX opened at $11.68 on Monday. The firm has a 50 day simple moving average of $11.59 and a 200-day simple moving average of $11.93. Invesco Preferred ETF has a one year low of $11.23 and a one year high of $12.54.

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.