Noesis Capital Mangement Corp Lowers Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Noesis Capital Mangement Corp trimmed its position in Invesco Preferred ETF (NYSEARCA:PGX) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 434,831 shares of the company’s stock after selling 3,699 shares during the period. Noesis Capital Mangement Corp owned approximately 0.12% of Invesco Preferred ETF worth $5,014,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Diversify Advisory Services LLC lifted its holdings in Invesco Preferred ETF by 39.9% in the third quarter. Diversify Advisory Services LLC now owns 17,052 shares of the company’s stock valued at $210,000 after acquiring an additional 4,867 shares during the period. Financial Advocates Investment Management acquired a new stake in Invesco Preferred ETF in the third quarter valued at $147,000. Balanced Wealth Group LLC lifted its holdings in Invesco Preferred ETF by 6.0% in the third quarter. Balanced Wealth Group LLC now owns 93,898 shares of the company’s stock valued at $1,160,000 after acquiring an additional 5,347 shares during the period. Stephens Inc. AR lifted its holdings in Invesco Preferred ETF by 9.1% in the third quarter. Stephens Inc. AR now owns 254,108 shares of the company’s stock valued at $3,138,000 after acquiring an additional 21,262 shares during the period. Finally, Gladstone Institutional Advisory LLC lifted its holdings in Invesco Preferred ETF by 5.5% in the third quarter. Gladstone Institutional Advisory LLC now owns 27,089 shares of the company’s stock valued at $335,000 after acquiring an additional 1,422 shares during the period.

Invesco Preferred ETF Price Performance

Invesco Preferred ETF stock opened at $11.68 on Friday. Invesco Preferred ETF has a one year low of $11.23 and a one year high of $12.54. The business has a fifty day moving average of $11.59 and a two-hundred day moving average of $11.93.

Invesco Preferred ETF Company 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.