KCM Investment Advisors LLC Sells 11,502 Shares of Invesco Preferred ETF (NYSEARCA:PGX)

KCM Investment Advisors LLC decreased its position in Invesco Preferred ETF (NYSEARCA:PGX) by 3.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 359,081 shares of the company’s stock after selling 11,502 shares during the quarter. KCM Investment Advisors LLC’s holdings in Invesco Preferred ETF were worth $4,435,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PGX. Strategic Investment Solutions Inc. IL bought a new stake in Invesco Preferred ETF in the 2nd quarter worth approximately $35,000. Eastern Bank bought a new stake in Invesco Preferred ETF in the third quarter valued at approximately $37,000. Consultiva Wealth Management CORP. bought a new stake in Invesco Preferred ETF in the first quarter valued at approximately $96,000. Ellis Investment Partners LLC bought a new stake in Invesco Preferred ETF in the third quarter valued at approximately $124,000. Finally, Orrstown Financial Services Inc. bought a new stake in Invesco Preferred ETF in the third quarter valued at approximately $124,000.

Invesco Preferred ETF Stock Performance

PGX stock traded down $0.03 during midday trading on Friday, hitting $11.98. The company had a trading volume of 283,225 shares, compared to its average volume of 3,365,278. Invesco Preferred ETF has a 52 week low of $10.84 and a 52 week high of $12.54. The stock’s 50 day moving average price is $12.30 and its 200 day moving average price is $11.89.

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.