Christensen King & Associates Investment Services Inc. Trims Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Christensen King & Associates Investment Services Inc. lessened its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,447 shares of the company’s stock after selling 1,546 shares during the period. Christensen King & Associates Investment Services Inc.’s holdings in Invesco Preferred ETF were worth $512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Comerica Bank raised its holdings in shares of Invesco Preferred ETF by 28.3% during the first quarter. Comerica Bank now owns 177,530 shares of the company’s stock worth $2,109,000 after purchasing an additional 39,126 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Invesco Preferred ETF by 16.4% during the first quarter. Oppenheimer & Co. Inc. now owns 211,020 shares of the company’s stock worth $2,507,000 after purchasing an additional 29,756 shares during the last quarter. CreativeOne Wealth LLC raised its holdings in shares of Invesco Preferred ETF by 91.1% during the first quarter. CreativeOne Wealth LLC now owns 19,485 shares of the company’s stock worth $232,000 after purchasing an additional 9,290 shares during the last quarter. Kades & Cheifetz LLC raised its holdings in shares of Invesco Preferred ETF by 1.8% during the third quarter. Kades & Cheifetz LLC now owns 265,479 shares of the company’s stock worth $3,279,000 after purchasing an additional 4,649 shares during the last quarter. Finally, Sound Income Strategies LLC raised its holdings in shares of Invesco Preferred ETF by 3.6% during the third quarter. Sound Income Strategies LLC now owns 437,945 shares of the company’s stock worth $5,409,000 after purchasing an additional 15,151 shares during the last quarter.

Invesco Preferred ETF Trading Up 0.7 %

Shares of Invesco Preferred ETF stock traded up $0.08 during trading on Tuesday, hitting $12.31. 2,362,669 shares of the company’s stock were exchanged, compared to its average volume of 3,397,193. Invesco Preferred ETF has a 52-week low of $10.19 and a 52-week high of $12.54. The business has a 50-day simple moving average of $12.22 and a 200-day simple moving average of $11.81.

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.