Apollon Wealth Management LLC Lowers Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Apollon Wealth Management LLC lowered its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 85.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 350,274 shares of the company’s stock after selling 2,089,688 shares during the period. Apollon Wealth Management LLC’s holdings in Invesco Preferred ETF were worth $4,326,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PGX. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Invesco Preferred ETF in the second quarter worth $35,000. Eastern Bank purchased a new stake in Invesco Preferred ETF during the 3rd quarter valued at about $37,000. Consultiva Wealth Management CORP. bought a new stake in Invesco Preferred ETF during the 1st quarter valued at about $96,000. Orrstown Financial Services Inc. purchased a new position in Invesco Preferred ETF in the third quarter worth about $124,000. Finally, Ellis Investment Partners LLC bought a new position in shares of Invesco Preferred ETF in the third quarter worth approximately $124,000.

Invesco Preferred ETF Trading Down 1.1 %

NYSEARCA:PGX opened at $12.05 on Wednesday. Invesco Preferred ETF has a 52 week low of $10.75 and a 52 week high of $12.54. The company’s 50 day moving average price is $12.30 and its 200-day moving average price is $11.88.

About Invesco Preferred ETF

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.