WealthPLAN Partners LLC Decreases Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

WealthPLAN Partners LLC reduced its position in Invesco Preferred ETF (NYSEARCA:PGX) by 10.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,072,375 shares of the company’s stock after selling 125,388 shares during the quarter. Invesco Preferred ETF comprises about 1.4% of WealthPLAN Partners LLC’s holdings, making the stock its 15th biggest holding. WealthPLAN Partners LLC owned 0.23% of Invesco Preferred ETF worth $16,000,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in PGX. Princeton Global Asset Management LLC raised its stake in shares of Invesco Preferred ETF by 91.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 29,198 shares of the company’s stock worth $446,000 after acquiring an additional 13,958 shares in the last quarter. CIBC World Markets Inc. raised its stake in shares of Invesco Preferred ETF by 0.8% during the fourth quarter. CIBC World Markets Inc. now owns 171,965 shares of the company’s stock worth $2,624,000 after acquiring an additional 1,337 shares in the last quarter. Lido Advisors LLC raised its stake in shares of Invesco Preferred ETF by 21.3% during the fourth quarter. Lido Advisors LLC now owns 430,212 shares of the company’s stock worth $6,565,000 after acquiring an additional 75,398 shares in the last quarter. IFG Advisory LLC raised its stake in shares of Invesco Preferred ETF by 5.3% during the fourth quarter. IFG Advisory LLC now owns 14,851 shares of the company’s stock worth $226,000 after acquiring an additional 754 shares in the last quarter. Finally, MV Capital Management Inc. raised its stake in shares of Invesco Preferred ETF by 111.8% during the fourth quarter. MV Capital Management Inc. now owns 354,071 shares of the company’s stock worth $5,403,000 after acquiring an additional 186,904 shares in the last quarter.

Shares of PGX stock traded down $0.02 during trading hours on Tuesday, hitting $14.64. 90,597 shares of the company’s stock were exchanged, compared to its average volume of 4,140,482. Invesco Preferred ETF has a 12-month low of $9.71 and a 12-month high of $15.28. The business’s 50 day simple moving average is $14.92 and its 200-day simple moving average is $14.93.

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.

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Institutional Ownership by Quarter for Invesco Preferred ETF (NYSEARCA:PGX)

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