Concurrent Investment Advisors LLC Has $157,000 Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Concurrent Investment Advisors LLC cut its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 24.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,628 shares of the company’s stock after selling 4,426 shares during the period. Concurrent Investment Advisors LLC’s holdings in Invesco Preferred ETF were worth $157,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Invesco Preferred ETF in the 3rd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. lifted 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 buying an additional 2,093 shares during the period. Kentucky Trust Co acquired a new position in Invesco Preferred ETF in the fourth quarter valued at approximately $36,000. Roxbury Financial LLC bought a new position in shares of Invesco Preferred ETF during the 4th quarter worth approximately $42,000. Finally, Orrstown Financial Services Inc. acquired a new stake in shares of Invesco Preferred ETF during the 3rd quarter worth approximately $124,000.

Invesco Preferred ETF Price Performance

NYSEARCA PGX opened at $11.69 on Thursday. Invesco Preferred ETF has a 12-month low of $11.23 and a 12-month high of $12.54. The company has a fifty day simple moving average of $11.59 and a 200 day simple moving average of $11.93.

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.