Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by Jackson Grant Investment Advisers Inc.

Jackson Grant Investment Advisers Inc. trimmed its holdings in Invesco Preferred ETF (NYSEARCA:PGX) by 58.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,604 shares of the company’s stock after selling 48,241 shares during the quarter. Jackson Grant Investment Advisers Inc.’s holdings in Invesco Preferred ETF were worth $387,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wealthcare Advisory Partners LLC lifted its position in Invesco Preferred ETF by 8.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 33,422 shares of the company’s stock worth $385,000 after buying an additional 2,576 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Invesco Preferred ETF by 85.7% during the 3rd quarter. Jane Street Group LLC now owns 75,421 shares of the company’s stock worth $931,000 after acquiring an additional 34,804 shares during the period. Park Avenue Securities LLC boosted its position in shares of Invesco Preferred ETF by 6.2% during the 4th quarter. Park Avenue Securities LLC now owns 38,714 shares of the company’s stock valued at $446,000 after acquiring an additional 2,272 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Invesco Preferred ETF by 71.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock valued at $22,097,000 after acquiring an additional 746,783 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Invesco Preferred ETF by 632.8% in the third quarter. Principal Financial Group Inc. now owns 94,686 shares of the company’s stock valued at $1,169,000 after purchasing an additional 81,764 shares during the period.

Invesco Preferred ETF Stock Up 0.9 %

Shares of PGX stock opened at $11.65 on Thursday. The firm’s 50-day moving average is $11.67 and its two-hundred day moving average is $11.94. Invesco Preferred ETF has a 12 month low of $11.23 and a 12 month high of $12.54.

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.