Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by Bensler LLC

Bensler LLC lessened its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 7.9% during the third quarter, Holdings Channel.com reports. The fund owned 11,457 shares of the company’s stock after selling 977 shares during the period. Bensler LLC’s holdings in Invesco Preferred ETF were worth $141,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new stake in shares of Invesco Preferred ETF in the 1st quarter worth $46,000. Oppenheimer & Co. Inc. raised its position in Invesco Preferred ETF by 16.4% in the first quarter. Oppenheimer & Co. Inc. now owns 211,020 shares of the company’s stock worth $2,507,000 after acquiring an additional 29,756 shares in the last quarter. Headlands Technologies LLC raised its position in Invesco Preferred ETF by 48.9% in the first quarter. Headlands Technologies LLC now owns 10,839 shares of the company’s stock worth $129,000 after acquiring an additional 3,561 shares in the last quarter. US Bancorp DE lifted its holdings in Invesco Preferred ETF by 9.8% in the 1st quarter. US Bancorp DE now owns 30,017 shares of the company’s stock valued at $357,000 after acquiring an additional 2,672 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in shares of Invesco Preferred ETF by 2.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 109,968 shares of the company’s stock valued at $1,306,000 after purchasing an additional 2,490 shares in the last quarter.

Invesco Preferred ETF Trading Up 0.7 %

NYSEARCA PGX opened at $12.19 on Friday. Invesco Preferred ETF has a 12 month low of $10.74 and a 12 month high of $12.54. The company’s 50 day simple moving average is $12.29 and its 200 day simple moving average is $11.86.

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.