Invesco Preferred ETF $PGX Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 76.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,141 shares of the company’s stock after selling 216,729 shares during the period. Oppenheimer & Co. Inc.’s holdings in Invesco Preferred ETF were worth $766,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Triumph Capital Management purchased a new position in shares of Invesco Preferred ETF during the third quarter worth about $29,000. Ransom Advisory Ltd purchased a new position in shares of Invesco Preferred ETF during the fourth quarter worth about $31,000. WealthShield Partners LLC grew its holdings in shares of Invesco Preferred ETF by 753.8% during the third quarter. WealthShield Partners LLC now owns 3,885 shares of the company’s stock worth $45,000 after buying an additional 3,430 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Invesco Preferred ETF during the third quarter worth about $70,000. Finally, Register Financial Advisors LLC purchased a new position in shares of Invesco Preferred ETF during the fourth quarter worth about $79,000. Institutional investors and hedge funds own 8.60% of the company’s stock.

Invesco Preferred ETF Price Performance

NYSEARCA PGX opened at $11.16 on Friday. Invesco Preferred ETF has a 52-week low of $10.82 and a 52-week high of $11.92. The business’s 50-day moving average price is $11.15 and its 200 day moving average price is $11.29.

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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.