Apollon Wealth Management LLC Sells 2,089,688 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Apollon Wealth Management LLC lowered its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 85.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 350,274 shares of the company’s stock after selling 2,089,688 shares during the period. Apollon Wealth Management LLC owned approximately 0.09% of Invesco Preferred ETF worth $4,326,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Tyler Stone Wealth Management boosted its stake in shares of Invesco Preferred ETF by 101.4% during the third quarter. Tyler Stone Wealth Management now owns 15,825 shares of the company’s stock valued at $195,000 after purchasing an additional 7,967 shares during the period. Baker Avenue Asset Management LP boosted its position in Invesco Preferred ETF by 5.8% during the 3rd quarter. Baker Avenue Asset Management LP now owns 226,828 shares of the company’s stock valued at $2,801,000 after buying an additional 12,357 shares during the period. Sigma Planning Corp grew its holdings in Invesco Preferred ETF by 29.4% in the 3rd quarter. Sigma Planning Corp now owns 151,479 shares of the company’s stock worth $1,871,000 after acquiring an additional 34,390 shares during the last quarter. Atria Investments Inc increased its position in shares of Invesco Preferred ETF by 4.3% in the third quarter. Atria Investments Inc now owns 569,433 shares of the company’s stock valued at $7,032,000 after acquiring an additional 23,462 shares during the period. Finally, Field & Main Bank raised its stake in shares of Invesco Preferred ETF by 9.1% during the third quarter. Field & Main Bank now owns 315,450 shares of the company’s stock valued at $3,896,000 after acquiring an additional 26,311 shares during the last quarter.

Invesco Preferred ETF Price Performance

NYSEARCA PGX opened at $12.05 on Wednesday. Invesco Preferred ETF has a 1 year low of $10.75 and a 1 year high of $12.54. The business’s 50-day moving average is $12.30 and its 200 day moving average is $11.88.

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.