Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by Bensler LLC

Bensler LLC lowered its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 7.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,457 shares of the company’s stock after selling 977 shares during the quarter. Bensler LLC’s holdings in Invesco Preferred ETF were worth $141,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC grew its position in shares of Invesco Preferred ETF by 9.7% during the second quarter. LPL Financial LLC now owns 13,579,206 shares of the company’s stock worth $156,840,000 after acquiring an additional 1,197,584 shares during the last quarter. Allworth Financial LP grew its position in Invesco Preferred ETF by 4.3% in the 3rd quarter. Allworth Financial LP now owns 3,588,261 shares of the company’s stock worth $44,315,000 after purchasing an additional 148,476 shares during the last quarter. Apollon Wealth Management LLC increased its stake in shares of Invesco Preferred ETF by 2,034.9% in the second quarter. Apollon Wealth Management LLC now owns 2,439,962 shares of the company’s stock valued at $28,182,000 after purchasing an additional 2,325,672 shares during the period. Osaic Holdings Inc. increased its stake in shares of Invesco Preferred ETF by 10.4% in the first quarter. Osaic Holdings Inc. now owns 2,027,101 shares of the company’s stock valued at $24,083,000 after purchasing an additional 191,636 shares during the period. Finally, ACT Advisors LLC. bought a new position in Invesco Preferred ETF in the 3rd quarter worth approximately $17,368,000.

Invesco Preferred ETF Stock Performance

PGX opened at $12.19 on Friday. The stock’s 50 day moving average price is $12.29 and its 200 day moving average price is $11.86. Invesco Preferred ETF has a 12 month low of $10.74 and a 12 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.