Invesco Preferred ETF (NYSEARCA:PGX) Stake Decreased by Crewe Advisors LLC

Crewe Advisors LLC reduced its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 2.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 283,784 shares of the company’s stock after selling 8,342 shares during the period. Invesco Preferred ETF comprises 2.0% of Crewe Advisors LLC’s investment portfolio, making the stock its 9th biggest holding. Crewe Advisors LLC’s holdings in Invesco Preferred ETF were worth $4,262,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PGX. HM Payson & Co. purchased a new position in shares of Invesco Preferred ETF in the 2nd quarter worth about $26,000. FMR LLC boosted its holdings in shares of Invesco Preferred ETF by 517.1% in the 1st quarter. FMR LLC now owns 2,018 shares of the company’s stock worth $29,000 after buying an additional 1,691 shares during the last quarter. NewSquare Capital LLC boosted its holdings in shares of Invesco Preferred ETF by 193.3% in the 2nd quarter. NewSquare Capital LLC now owns 2,200 shares of the company’s stock worth $32,000 after buying an additional 1,450 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Invesco Preferred ETF by 2,242.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,319 shares of the company’s stock worth $34,000 after buying an additional 2,220 shares during the last quarter. Finally, Parallax Volatility Advisers L.P. boosted its holdings in shares of Invesco Preferred ETF by 243,000.0% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 2,431 shares of the company’s stock worth $36,000 after buying an additional 2,430 shares during the last quarter.

Shares of NYSEARCA:PGX opened at $14.81 on Tuesday. The company’s 50-day moving average is $14.99 and its 200 day moving average is $14.81. Invesco Preferred ETF has a fifty-two week low of $13.12 and a fifty-two week high of $15.13.

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.

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Want to see what other hedge funds are holding PGX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Preferred ETF (NYSEARCA:PGX).

Institutional Ownership by Quarter for Invesco Preferred ETF (NYSEARCA:PGX)

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