Apollon Wealth Management LLC Sells 25,007 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Apollon Wealth Management LLC reduced its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 7.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 325,267 shares of the company’s stock after selling 25,007 shares during the period. Apollon Wealth Management LLC owned approximately 0.09% of Invesco Preferred ETF worth $3,750,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PGX. ACT Advisors LLC. bought a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth $17,368,000. JPMorgan Chase & Co. lifted its holdings in shares of Invesco Preferred ETF by 71.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock worth $22,097,000 after acquiring an additional 746,783 shares during the last quarter. Barclays PLC lifted its holdings in shares of Invesco Preferred ETF by 18,430.0% during the 3rd quarter. Barclays PLC now owns 555,900 shares of the company’s stock worth $6,865,000 after acquiring an additional 552,900 shares during the last quarter. Acute Investment Advisory LLC bought a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth $3,977,000. Finally, Wolverine Trading LLC lifted its holdings in shares of Invesco Preferred ETF by 513.6% during the 3rd quarter. Wolverine Trading LLC now owns 260,602 shares of the company’s stock worth $3,242,000 after acquiring an additional 218,132 shares during the last quarter.

Invesco Preferred ETF Trading Down 0.3 %

Shares of NYSEARCA:PGX opened at $11.57 on Friday. The company’s fifty day moving average is $11.65 and its 200 day moving average is $11.93. Invesco Preferred ETF has a 52 week low of $11.23 and a 52 week 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.