GAMMA Investing LLC Sells 26,991 Shares of Invesco Preferred ETF $PGX

GAMMA Investing LLC cut its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 76.6% during the second quarter, HoldingsChannel.com reports. The firm owned 8,255 shares of the company’s stock after selling 26,991 shares during the quarter. GAMMA Investing LLC’s holdings in Invesco Preferred ETF were worth $92,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PGX. Abound Wealth Management acquired a new position in Invesco Preferred ETF during the 2nd quarter valued at about $33,000. SVB Wealth LLC acquired a new position in Invesco Preferred ETF during the 1st quarter valued at about $43,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Invesco Preferred ETF by 94.4% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,430 shares of the company’s stock valued at $60,000 after purchasing an additional 2,637 shares during the period. Harbour Investments Inc. lifted its position in Invesco Preferred ETF by 25.5% during the 1st quarter. Harbour Investments Inc. now owns 5,720 shares of the company’s stock valued at $64,000 after purchasing an additional 1,161 shares during the period. Finally, LFA Lugano Financial Advisors SA increased its stake in shares of Invesco Preferred ETF by 382.5% in the 1st quarter. LFA Lugano Financial Advisors SA now owns 9,530 shares of the company’s stock valued at $107,000 after acquiring an additional 7,555 shares during the last quarter. 8.60% of the stock is currently owned by institutional investors and hedge funds.

Invesco Preferred ETF Stock Down 0.1%

Shares of PGX stock opened at $11.73 on Friday. The stock has a 50-day moving average of $11.54 and a 200-day moving average of $11.25. Invesco Preferred ETF has a one year low of $10.70 and a one year high of $12.52.

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.