J.W. Cole Advisors Inc. Sells 1,733 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

J.W. Cole Advisors Inc. lowered its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 10.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,656 shares of the company’s stock after selling 1,733 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Invesco Preferred ETF were worth $180,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Modera Wealth Management LLC boosted its position in Invesco Preferred ETF by 4.2% during the third quarter. Modera Wealth Management LLC now owns 21,802 shares of the company’s stock worth $239,000 after purchasing an additional 877 shares during the period. DHK Financial Advisors Inc. lifted its holdings in shares of Invesco Preferred ETF by 1.8% during the fourth quarter. DHK Financial Advisors Inc. now owns 52,189 shares of the company’s stock worth $599,000 after buying an additional 922 shares during the last quarter. Ausdal Financial Partners Inc. lifted its holdings in shares of Invesco Preferred ETF by 5.4% during the fourth quarter. Ausdal Financial Partners Inc. now owns 27,107 shares of the company’s stock worth $311,000 after buying an additional 1,396 shares during the last quarter. Gradient Investments LLC lifted its holdings in shares of Invesco Preferred ETF by 102.9% during the fourth quarter. Gradient Investments LLC now owns 2,755 shares of the company’s stock worth $32,000 after buying an additional 1,397 shares during the last quarter. Finally, Capital Analysts LLC lifted its holdings in shares of Invesco Preferred ETF by 91.4% during the fourth quarter. Capital Analysts LLC now owns 3,465 shares of the company’s stock worth $40,000 after buying an additional 1,655 shares during the last quarter.

Invesco Preferred ETF Trading Down 1.1 %

Shares of PGX stock opened at $11.39 on Friday. Invesco Preferred ETF has a 12 month low of $10.14 and a 12 month high of $12.06. The stock has a 50 day moving average of $11.77 and a 200-day moving average of $11.41.

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.