Invesco Preferred ETF (NYSEARCA:PGX) Stock Holdings Decreased by Balanced Wealth Group LLC

Balanced Wealth Group LLC decreased its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 13.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 88,551 shares of the company’s stock after selling 13,770 shares during the period. Invesco Preferred ETF comprises about 0.3% of Balanced Wealth Group LLC’s investment portfolio, making the stock its 26th biggest holding. Balanced Wealth Group LLC’s holdings in Invesco Preferred ETF were worth $1,020,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PGX. Central Pacific Bank Trust Division bought a new stake in Invesco Preferred ETF during the first quarter valued at $46,000. Private Ocean LLC bought a new stake in shares of Invesco Preferred ETF during the 1st quarter valued at about $94,000. Consultiva Wealth Management CORP. bought a new stake in shares of Invesco Preferred ETF during the 1st quarter valued at about $96,000. Holderness Investments Co. acquired a new stake in Invesco Preferred ETF during the fourth quarter worth about $115,000. Finally, Walden Wealth Partners LLC acquired a new position in Invesco Preferred ETF in the fourth quarter valued at approximately $117,000.

Invesco Preferred ETF Stock Up 0.2 %

NYSEARCA:PGX opened at $12.52 on Friday. The stock has a 50 day moving average of $11.92 and a 200-day moving average of $11.74. Invesco Preferred ETF has a 52 week low of $10.14 and a 52 week high of $12.54.

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.