J.W. Cole Advisors Inc. Sells 2,608 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

J.W. Cole Advisors Inc. lessened its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 18.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,539 shares of the company’s stock after selling 2,608 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Invesco Preferred ETF were worth $133,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PGX. Wilmington Savings Fund Society FSB purchased a new position in Invesco Preferred ETF in the 3rd quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Invesco Preferred ETF by 299.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock valued at $32,000 after acquiring an additional 2,093 shares during the last quarter. Eastern Bank bought a new position in Invesco Preferred ETF in the third quarter valued at $37,000. Kentucky Trust Co bought a new position in Invesco Preferred ETF in the fourth quarter valued at $36,000. Finally, Roxbury Financial LLC bought a new position in Invesco Preferred ETF in the fourth quarter valued at $42,000.

Invesco Preferred ETF Stock Performance

NYSEARCA PGX opened at $11.60 on Friday. The company has a 50-day simple moving average of $11.60 and a two-hundred day simple moving average of $11.93. Invesco Preferred ETF has a 12-month low of $11.23 and a 12-month high of $12.54.

Invesco Preferred ETF 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.