Beta Wealth Group Inc. Has $2 Million Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Beta Wealth Group Inc. decreased its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 173,913 shares of the company’s stock after selling 4,810 shares during the quarter. Invesco Preferred ETF accounts for approximately 1.0% of Beta Wealth Group Inc.’s investment portfolio, making the stock its 29th largest position. Beta Wealth Group Inc.’s holdings in Invesco Preferred ETF were worth $1,995,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Gradient Investments LLC grew its position in Invesco Preferred ETF by 102.9% during the 4th quarter. Gradient Investments LLC now owns 2,755 shares of the company’s stock worth $32,000 after acquiring an additional 1,397 shares during the last quarter. Fortitude Family Office LLC bought a new position in Invesco Preferred ETF in the 4th quarter valued at approximately $32,000. Wetzel Investment Advisors Inc. bought a new position in Invesco Preferred ETF in the 4th quarter valued at approximately $34,000. Capital Analysts LLC boosted its position in Invesco Preferred ETF by 91.4% during the 4th quarter. Capital Analysts LLC now owns 3,465 shares of the company’s stock worth $40,000 after buying an additional 1,655 shares during the period. Finally, Trifecta Capital Advisors LLC bought a new stake in Invesco Preferred ETF during the 4th quarter worth approximately $69,000.

Invesco Preferred ETF Price Performance

Shares of PGX stock traded up $0.11 during trading hours on Friday, hitting $11.48. 1,885,027 shares of the company’s stock traded hands, compared to its average volume of 3,635,572. The stock’s 50 day simple moving average is $11.63 and its 200 day simple moving average is $11.57. Invesco Preferred ETF has a 12 month low of $10.14 and a 12 month high of $12.06.

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.