Northstar Advisory Group LLC Trims Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Northstar Advisory Group LLC reduced its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 13.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,267 shares of the company’s stock after selling 4,702 shares during the quarter. Northstar Advisory Group LLC’s holdings in Invesco Preferred ETF were worth $361,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ehrlich Financial Group purchased a new position in Invesco Preferred ETF during the 4th quarter valued at about $189,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Invesco Preferred ETF by 41.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 207,083 shares of the company’s stock worth $2,557,000 after buying an additional 60,250 shares in the last quarter. First Hawaiian Bank boosted its stake in Invesco Preferred ETF by 4.0% during the fourth quarter. First Hawaiian Bank now owns 301,174 shares of the company’s stock valued at $3,473,000 after buying an additional 11,463 shares during the period. International Assets Investment Management LLC bought a new position in Invesco Preferred ETF in the 4th quarter worth about $366,000. Finally, GAMMA Investing LLC raised its holdings in shares of Invesco Preferred ETF by 23.3% in the 4th quarter. GAMMA Investing LLC now owns 27,677 shares of the company’s stock valued at $319,000 after acquiring an additional 5,238 shares in the last quarter.

Invesco Preferred ETF Stock Performance

Shares of PGX traded down $0.05 during trading hours on Monday, reaching $11.29. 11,665,912 shares of the company’s stock traded hands, compared to its average volume of 8,771,830. Invesco Preferred ETF has a 12 month low of $11.23 and a 12 month high of $12.54. The firm’s 50 day simple moving average is $11.82 and its 200-day simple moving average is $11.95.

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.