Garrett Wealth Advisory Group LLC Decreases Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Garrett Wealth Advisory Group LLC trimmed its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 28.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 516,826 shares of the company’s stock after selling 200,590 shares during the quarter. Invesco Preferred ETF makes up about 1.4% of Garrett Wealth Advisory Group LLC’s portfolio, making the stock its 14th biggest position. Garrett Wealth Advisory Group LLC owned 0.14% of Invesco Preferred ETF worth $5,959,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PGX. Spectrum Asset Management Inc. grew its position in shares of Invesco Preferred ETF by 64.7% during the 4th quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock worth $66,546,000 after buying an additional 2,266,498 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Invesco Preferred ETF by 71.6% in the third 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 period. Advisors Management Group Inc. ADV lifted its stake in Invesco Preferred ETF by 3.8% in the fourth quarter. Advisors Management Group Inc. ADV now owns 1,288,642 shares of the company’s stock worth $14,858,000 after acquiring an additional 47,652 shares during the period. Stifel Financial Corp grew its holdings in Invesco Preferred ETF by 6.8% during the 3rd quarter. Stifel Financial Corp now owns 951,769 shares of the company’s stock worth $11,754,000 after acquiring an additional 60,601 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Invesco Preferred ETF by 657.9% during the 4th quarter. Principal Financial Group Inc. now owns 717,581 shares of the company’s stock valued at $8,274,000 after purchasing an additional 622,895 shares during the period.

Invesco Preferred ETF Stock 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.