Oppenheimer & Co. Inc. Decreases Stake in Invesco Preferred ETF (NYSEARCA:PGX)

Oppenheimer & Co. Inc. trimmed its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 2.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 206,856 shares of the company’s stock after selling 4,125 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Invesco Preferred ETF were worth $2,385,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC grew its holdings in Invesco Preferred ETF by 8.4% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 33,422 shares of the company’s stock worth $385,000 after acquiring an additional 2,576 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Invesco Preferred ETF by 85.7% during the third quarter. Jane Street Group LLC now owns 75,421 shares of the company’s stock worth $931,000 after purchasing an additional 34,804 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Invesco Preferred ETF by 6.2% in the fourth quarter. Park Avenue Securities LLC now owns 38,714 shares of the company’s stock valued at $446,000 after buying an additional 2,272 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Invesco Preferred ETF by 71.6% in the third quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock valued at $22,097,000 after buying an additional 746,783 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Invesco Preferred ETF by 632.8% in the third quarter. Principal Financial Group Inc. now owns 94,686 shares of the company’s stock valued at $1,169,000 after buying an additional 81,764 shares in the last quarter.

Invesco Preferred ETF Stock Up 0.3 %

Shares of NYSEARCA PGX opened at $11.68 on Monday. The business has a 50-day moving average of $11.59 and a two-hundred day moving average of $11.93. Invesco Preferred ETF has a 1 year low of $11.23 and a 1 year high of $12.54.

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.