B. Riley Wealth Advisors Inc. Sells 4,605 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

B. Riley Wealth Advisors Inc. cut its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 18.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,865 shares of the company’s stock after selling 4,605 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Invesco Preferred ETF were worth $241,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. LPL Financial LLC lifted its holdings in Invesco Preferred ETF by 9.7% during the 2nd quarter. LPL Financial LLC now owns 13,579,206 shares of the company’s stock valued at $156,840,000 after purchasing an additional 1,197,584 shares during the last quarter. Cohen & Steers Inc. boosted its holdings in shares of Invesco Preferred ETF by 1,074,842.8% during the 4th quarter. Cohen & Steers Inc. now owns 6,707,643 shares of the company’s stock worth $76,937,000 after buying an additional 6,707,019 shares during the period. Apollon Wealth Management LLC grew its stake in Invesco Preferred ETF by 2,034.9% in the 2nd quarter. Apollon Wealth Management LLC now owns 2,439,962 shares of the company’s stock valued at $28,182,000 after buying an additional 2,325,672 shares during the last quarter. Osaic Holdings Inc. raised its holdings in Invesco Preferred ETF by 10.4% in the 1st quarter. Osaic Holdings Inc. now owns 2,027,101 shares of the company’s stock valued at $24,083,000 after acquiring an additional 191,636 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Invesco Preferred ETF by 4.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,382,375 shares of the company’s stock worth $15,966,000 after acquiring an additional 64,346 shares during the last quarter.

Invesco Preferred ETF Stock Performance

Shares of NYSEARCA:PGX opened at $12.33 on Thursday. Invesco Preferred ETF has a 12-month low of $10.14 and a 12-month high of $12.54. The business has a 50 day moving average of $12.09 and a 200-day moving average of $11.78.

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.