Madison Wealth Partners Inc Decreases Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Madison Wealth Partners Inc reduced its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 8.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,100 shares of the company’s stock after selling 8,245 shares during the period. Madison Wealth Partners Inc’s holdings in Invesco Preferred ETF were worth $1,039,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in PGX. Principal Financial Group Inc. boosted its position in shares of Invesco Preferred ETF by 632.8% during the third quarter. Principal Financial Group Inc. now owns 94,686 shares of the company’s stock valued at $1,169,000 after purchasing an additional 81,764 shares in the last quarter. Pinnacle Financial Partners Inc bought a new stake in shares of Invesco Preferred ETF during the third quarter valued at approximately $185,000. Oppenheimer & Co. Inc. boosted its position in shares of Invesco Preferred ETF by 4.4% during the third quarter. Oppenheimer & Co. Inc. now owns 210,981 shares of the company’s stock valued at $2,606,000 after purchasing an additional 8,886 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in shares of Invesco Preferred ETF by 11.6% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 28,433 shares of the company’s stock valued at $351,000 after purchasing an additional 2,946 shares in the last quarter. Finally, J. W. Coons Advisors LLC boosted its position in shares of Invesco Preferred ETF by 6.4% during the third quarter. J. W. Coons Advisors LLC now owns 28,110 shares of the company’s stock valued at $347,000 after purchasing an additional 1,700 shares in the last quarter.

Invesco Preferred ETF Stock Performance

NYSEARCA PGX opened at $11.49 on Thursday. Invesco Preferred ETF has a twelve month low of $11.23 and a twelve month high of $12.54. The stock’s 50 day moving average is $11.60 and its 200 day moving average is $11.91.

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.