Oppenheimer & Co. Inc. Lowers Stock Holdings in Invesco Preferred ETF $PGX

Oppenheimer & Co. Inc. lowered its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 76.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,141 shares of the company’s stock after selling 216,729 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Invesco Preferred ETF were worth $766,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Shepherd Kaplan Krochuk LLC grew its holdings in shares of Invesco Preferred ETF by 0.6% during the third quarter. Shepherd Kaplan Krochuk LLC now owns 153,126 shares of the company’s stock worth $1,776,000 after buying an additional 962 shares during the last quarter. KG&L Capital Management LLC boosted its holdings in Invesco Preferred ETF by 0.5% in the 4th quarter. KG&L Capital Management LLC now owns 198,892 shares of the company’s stock valued at $2,236,000 after purchasing an additional 1,068 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Invesco Preferred ETF by 4.1% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 27,473 shares of the company’s stock valued at $319,000 after purchasing an additional 1,089 shares in the last quarter. Friedenthal Financial boosted its holdings in Invesco Preferred ETF by 4.2% in the 4th quarter. Friedenthal Financial now owns 29,051 shares of the company’s stock valued at $327,000 after purchasing an additional 1,158 shares in the last quarter. Finally, Argus Investors Counsel Inc. boosted its holdings in Invesco Preferred ETF by 2.6% in the 4th quarter. Argus Investors Counsel Inc. now owns 46,279 shares of the company’s stock valued at $520,000 after purchasing an additional 1,180 shares in the last quarter. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Down 0.1%

Shares of PGX opened at $11.16 on Friday. Invesco Preferred ETF has a twelve month low of $10.82 and a twelve month high of $11.92. The stock’s 50 day moving average is $11.15 and its two-hundred day moving average is $11.29.

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. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.