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

Oxbow Advisors LLC reduced its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 38.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,153 shares of the company’s stock after selling 9,391 shares during the period. Oxbow Advisors LLC’s holdings in Invesco Preferred ETF were worth $175,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Trinity Legacy Partners LLC acquired a new stake in Invesco Preferred ETF in the fourth quarter worth $4,538,000. Flagstar Advisors Inc. increased its position in Invesco Preferred ETF by 38.1% in the fourth quarter. Flagstar Advisors Inc. now owns 69,824 shares of the company’s stock worth $805,000 after buying an additional 19,254 shares during the period. Beta Wealth Group Inc. increased its position in Invesco Preferred ETF by 46.0% in the fourth quarter. Beta Wealth Group Inc. now owns 69,214 shares of the company’s stock worth $798,000 after buying an additional 21,791 shares during the period. D.A. Davidson & CO. increased its position in Invesco Preferred ETF by 2.3% in the fourth quarter. D.A. Davidson & CO. now owns 75,865 shares of the company’s stock worth $875,000 after buying an additional 1,722 shares during the period. Finally, Sanctuary Advisors LLC increased its position in Invesco Preferred ETF by 4.7% in the fourth quarter. Sanctuary Advisors LLC now owns 573,282 shares of the company’s stock worth $6,684,000 after buying an additional 25,894 shares during the period.

Invesco Preferred ETF Price Performance

Shares of NYSEARCA PGX opened at $11.60 on Friday. Invesco Preferred ETF has a 1-year low of $11.23 and a 1-year high of $12.54. The business’s fifty day moving average price is $11.59 and its two-hundred day moving average price is $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.