Apollon Wealth Management LLC Sells 25,007 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

Apollon Wealth Management LLC lessened its position in Invesco Preferred ETF (NYSEARCA:PGX) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 325,267 shares of the company’s stock after selling 25,007 shares during the period. Apollon Wealth Management LLC’s holdings in Invesco Preferred ETF were worth $3,750,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PGX. Wilmington Savings Fund Society FSB purchased a new position in shares of Invesco Preferred ETF during the third quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Invesco Preferred ETF by 299.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock valued at $32,000 after buying an additional 2,093 shares during the last quarter. Eastern Bank purchased a new stake in Invesco Preferred ETF during the third quarter valued at approximately $37,000. Ellis Investment Partners LLC purchased a new stake in Invesco Preferred ETF during the third quarter valued at approximately $124,000. Finally, Orrstown Financial Services Inc. purchased a new stake in Invesco Preferred ETF during the third quarter valued at approximately $124,000.

Invesco Preferred ETF Stock Down 0.3 %

Shares of PGX stock opened at $11.57 on Friday. Invesco Preferred ETF has a 12 month low of $11.23 and a 12 month high of $12.54. The company has a 50 day simple moving average of $11.65 and a two-hundred day simple moving average of $11.93.

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.