McAdam LLC Lowers Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

McAdam LLC trimmed its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 13.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 606,565 shares of the company’s stock after selling 92,946 shares during the period. McAdam LLC owned about 0.16% of Invesco Preferred ETF worth $7,491,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new stake in Invesco Preferred ETF in the second quarter valued at approximately $35,000. Eastern Bank acquired a new stake in shares of Invesco Preferred ETF in the third quarter valued at $37,000. Central Pacific Bank Trust Division purchased a new stake in shares of Invesco Preferred ETF in the 1st quarter valued at $46,000. Private Ocean LLC acquired a new position in Invesco Preferred ETF during the 1st quarter worth about $94,000. Finally, Consultiva Wealth Management CORP. purchased a new position in Invesco Preferred ETF during the 1st quarter valued at about $96,000.

Invesco Preferred ETF Stock Down 1.1 %

NYSEARCA PGX opened at $12.20 on Thursday. Invesco Preferred ETF has a 1-year low of $10.19 and a 1-year high of $12.54. The stock has a 50-day moving average of $12.24 and a two-hundred day moving average of $11.82.

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.