Bank of Montreal Can Lowers Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Bank of Montreal Can lessened its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 1.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,016,278 shares of the company’s stock after selling 12,455 shares during the quarter. Bank of Montreal Can owned approximately 0.27% of Invesco Preferred ETF worth $11,809,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Stifel Financial Corp grew its holdings in Invesco Preferred ETF by 7.1% in the fourth quarter. Stifel Financial Corp now owns 440,480 shares of the company’s stock valued at $5,052,000 after purchasing an additional 29,322 shares during the period. Bank of New Hampshire raised its holdings in shares of Invesco Preferred ETF by 13.0% in the 1st quarter. Bank of New Hampshire now owns 14,750 shares of the company’s stock worth $175,000 after purchasing an additional 1,700 shares during the period. Comerica Bank lifted its stake in shares of Invesco Preferred ETF by 28.3% in the 1st quarter. Comerica Bank now owns 177,530 shares of the company’s stock valued at $2,109,000 after purchasing an additional 39,126 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Invesco Preferred ETF by 16.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 211,020 shares of the company’s stock worth $2,507,000 after purchasing an additional 29,756 shares during the period. Finally, CreativeOne Wealth LLC increased its position in Invesco Preferred ETF by 91.1% during the 1st quarter. CreativeOne Wealth LLC now owns 19,485 shares of the company’s stock worth $232,000 after purchasing an additional 9,290 shares in the last quarter.

Invesco Preferred ETF Price Performance

Shares of PGX stock opened at $12.44 on Monday. Invesco Preferred ETF has a fifty-two week low of $10.14 and a fifty-two week high of $12.54. The firm’s 50 day moving average price is $11.99 and its two-hundred day moving average price is $11.76.

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.