Thrivent Financial for Lutherans Has $1.27 Million Stock Holdings in Invesco Preferred ETF (NYSEARCA:PGX)

Thrivent Financial for Lutherans reduced its holdings in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 13.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 109,775 shares of the company’s stock after selling 17,053 shares during the period. Thrivent Financial for Lutherans’ holdings in Invesco Preferred ETF were worth $1,268,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Stifel Financial Corp lifted its holdings in shares of Invesco Preferred ETF by 7.1% during the fourth quarter. Stifel Financial Corp now owns 440,480 shares of the company’s stock valued at $5,052,000 after acquiring an additional 29,322 shares during the period. Belpointe Asset Management LLC acquired a new position in Invesco Preferred ETF in the fourth quarter valued at about $271,000. Oppenheimer & Co. Inc. grew its stake in Invesco Preferred ETF by 14.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 181,264 shares of the company’s stock worth $2,079,000 after buying an additional 22,773 shares during the last quarter. Basso Capital Management L.P. acquired a new stake in shares of Invesco Preferred ETF during the fourth quarter worth approximately $118,000. Finally, Cohen & Steers Inc. raised its stake in shares of Invesco Preferred ETF by 1,074,842.8% in the fourth quarter. Cohen & Steers Inc. now owns 6,707,643 shares of the company’s stock valued at $76,937,000 after acquiring an additional 6,707,019 shares during the last quarter.

Invesco Preferred ETF Stock Performance

NYSEARCA PGX opened at $12.36 on Friday. The stock’s 50 day simple moving average is $12.07 and its 200 day simple moving average is $11.78. Invesco Preferred ETF has a one year low of $10.14 and a one year high of $12.54.

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.