BCS Wealth Management Sells 2,735 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

BCS Wealth Management reduced its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,069 shares of the company’s stock after selling 2,735 shares during the period. BCS Wealth Management’s holdings in Invesco Preferred ETF were worth $289,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Advisory Alpha LLC grew its stake in shares of Invesco Preferred ETF by 0.6% in the second quarter. Advisory Alpha LLC now owns 152,206 shares of the company’s stock worth $1,758,000 after purchasing an additional 914 shares during the last quarter. NBC Securities Inc. grew its position in shares of Invesco Preferred ETF by 2.8% in the 3rd quarter. NBC Securities Inc. now owns 34,376 shares of the company’s stock worth $424,000 after buying an additional 950 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of Invesco Preferred ETF by 1.1% during the third quarter. Captrust Financial Advisors now owns 87,953 shares of the company’s stock valued at $1,086,000 after buying an additional 991 shares during the period. Wagner Wealth Management LLC raised its holdings in shares of Invesco Preferred ETF by 2.1% during the third quarter. Wagner Wealth Management LLC now owns 59,817 shares of the company’s stock valued at $739,000 after acquiring an additional 1,239 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC raised its holdings in shares of Invesco Preferred ETF by 5.5% during the third quarter. Gladstone Institutional Advisory LLC now owns 27,089 shares of the company’s stock valued at $335,000 after acquiring an additional 1,422 shares in the last quarter.

Invesco Preferred ETF Trading Up 0.6 %

NYSEARCA:PGX opened at $11.36 on Wednesday. The firm’s fifty day simple moving average is $11.78 and its 200 day simple moving average is $11.95. Invesco Preferred ETF has a twelve month low of $11.23 and a twelve month high of $12.54.

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.