Bluefin Capital Management LLC Has $1.63 Million Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Bluefin Capital Management LLC cut its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 56.9% in the second quarter, HoldingsChannel reports. The fund owned 141,191 shares of the company’s stock after selling 186,079 shares during the quarter. Invesco Preferred ETF accounts for 0.4% of Bluefin Capital Management LLC’s portfolio, making the stock its 18th biggest holding. Bluefin Capital Management LLC’s holdings in Invesco Preferred ETF were worth $1,631,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PGX. Cohen & Steers Inc. lifted its holdings in shares of Invesco Preferred ETF by 1,074,842.8% during the 4th quarter. Cohen & Steers Inc. now owns 6,707,643 shares of the company’s stock valued at $76,937,000 after buying an additional 6,707,019 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in Invesco Preferred ETF by 2,034.9% in the 2nd quarter. Apollon Wealth Management LLC now owns 2,439,962 shares of the company’s stock worth $28,182,000 after purchasing an additional 2,325,672 shares during the last quarter. LPL Financial LLC lifted its holdings in Invesco Preferred ETF by 9.7% in the 2nd quarter. LPL Financial LLC now owns 13,579,206 shares of the company’s stock worth $156,840,000 after purchasing an additional 1,197,584 shares during the last quarter. Advisors Preferred LLC lifted its holdings in Invesco Preferred ETF by 155.1% in the 1st quarter. Advisors Preferred LLC now owns 865,646 shares of the company’s stock worth $10,293,000 after purchasing an additional 526,338 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Invesco Preferred ETF by 120.5% in the 1st quarter. Cetera Investment Advisers now owns 742,883 shares of the company’s stock worth $8,825,000 after purchasing an additional 405,912 shares during the last quarter.

Invesco Preferred ETF Stock Performance

PGX opened at $12.39 on Wednesday. The business has a 50 day moving average price of $12.02 and a 200 day moving average price of $11.76. Invesco Preferred ETF has a twelve month low of $10.14 and a twelve month 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.