Intrepid Financial Planning Group LLC Cuts Stock Position in Invesco Preferred ETF (NYSEARCA:PGX)

Intrepid Financial Planning Group LLC decreased its stake in Invesco Preferred ETF (NYSEARCA:PGX) by 17.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 885,583 shares of the company’s stock after selling 193,381 shares during the quarter. Invesco Preferred ETF makes up 4.3% of Intrepid Financial Planning Group LLC’s holdings, making the stock its 5th largest holding. Intrepid Financial Planning Group LLC’s holdings in Invesco Preferred ETF were worth $10,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Spectrum Asset Management Inc. increased its holdings in Invesco Preferred ETF by 64.7% during the fourth quarter. Spectrum Asset Management Inc. now owns 5,771,517 shares of the company’s stock worth $66,546,000 after buying an additional 2,266,498 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Invesco Preferred ETF during the fourth quarter worth $29,537,000. JPMorgan Chase & Co. raised its position in Invesco Preferred ETF by 71.6% during the third quarter. JPMorgan Chase & Co. now owns 1,789,236 shares of the company’s stock worth $22,097,000 after acquiring an additional 746,783 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Invesco Preferred ETF by 11.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,448,097 shares of the company’s stock worth $16,697,000 after acquiring an additional 148,346 shares in the last quarter. Finally, Advisors Management Group Inc. ADV raised its position in Invesco Preferred ETF by 3.8% during the fourth quarter. Advisors Management Group Inc. ADV now owns 1,288,642 shares of the company’s stock worth $14,858,000 after acquiring an additional 47,652 shares in the last quarter.

Invesco Preferred ETF Stock Up 0.6 %

NYSEARCA PGX opened at $11.55 on Friday. The firm’s fifty day moving average price is $11.59 and its two-hundred day moving average price is $11.90. Invesco Preferred ETF has a 1 year low of $11.23 and a 1 year high of $12.54.

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.