Invesco Preferred ETF (NYSEARCA:PGX) Holdings Cut by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC decreased its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 20.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 136,143 shares of the company’s stock after selling 35,712 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Invesco Preferred ETF were worth $1,562,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its position in Invesco Preferred ETF by 12.2% in the 3rd quarter. LPL Financial LLC now owns 14,641,628 shares of the company’s stock worth $160,326,000 after buying an additional 1,587,869 shares in the last quarter. Spectrum Asset Management Inc. raised its holdings in shares of Invesco Preferred ETF by 11.4% during the 3rd quarter. Spectrum Asset Management Inc. now owns 2,836,727 shares of the company’s stock valued at $31,117,000 after purchasing an additional 289,503 shares in the last quarter. Iowa State Bank raised its holdings in shares of Invesco Preferred ETF by 1.0% during the 3rd quarter. Iowa State Bank now owns 1,436,882 shares of the company’s stock valued at $15,734,000 after purchasing an additional 14,229 shares in the last quarter. Avantax Planning Partners Inc. raised its holdings in shares of Invesco Preferred ETF by 17.2% during the 3rd quarter. Avantax Planning Partners Inc. now owns 1,081,268 shares of the company’s stock valued at $11,840,000 after purchasing an additional 158,737 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its holdings in shares of Invesco Preferred ETF by 15.6% during the 3rd quarter. Checchi Capital Advisers LLC now owns 966,984 shares of the company’s stock valued at $10,588,000 after purchasing an additional 130,751 shares in the last quarter.

Invesco Preferred ETF Stock Performance

Shares of Invesco Preferred ETF stock remained flat at $11.40 during midday trading on Friday. 4,299,175 shares of the stock were exchanged, compared to its average volume of 3,812,070. The firm has a 50 day moving average of $11.77 and a 200 day moving average of $11.42. Invesco Preferred ETF has a fifty-two week low of $10.14 and a fifty-two week high of $12.06.

Invesco Preferred ETF 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.